Contrary to predictions last autumn, law firm uptake of captive insurance funds has been minimal, despite huge rises in professional indemnity (PI) insurance in 2001 and 2002.A study by Aon Professional Risks, which holds 25 per cent of the market for law firm PI insurance, found that while larger firms have investigated shifting to captives, there has been […]

Embattled Westminster firm RadcliffesLeBrasseur is considering the unusual move of retrospectively changing its year-end for tax purposes as it continues to seek a chief executive replacement.Partners and ex-partners are still unsure what profits will be owing to them for the 2002-03 financial year, while the firm discusses the matter with its accountants.“At this stage we’re […]

Bond Pearce and Finers Stephens Innocent have been ditched by Virgin Group following the annual review of its legal panel.Virgin’s general counsel Helena Samaha, who led the review, told The Lawyer that the move to cut the group’s legal panel follows a decision to focus on its core businesses, including transport, mobile telephones, entertainment and […]

A press release celebrating a ‘merger’ still remains on the Mace & Jones website, but the announcement was premature and a union with Elliotts was not to be.In a bizarre U-turn, Elliotts will join northern firm Ricksons Solicitors rather than Mace & Jones. Mace & Jones’ senior partner Graeme Jump confirmed that the deal had […]