Wigg & Co - one
stop shop - two stop insurers
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How will issues of cost
be viewed after one stop shops are allowed? Will costs orders be
affected by incorporated partnerships and limited liability
partnerships? The Law Society's President, Michael Napier, has said that
plans to allow formal links between law and accountancy firms have been
delayed but are still in the pipeline.
practices are expected before the end of 2001. Apart from the problem of
loss of confidentiality to non-solicitor partners and secretaries and
whether there should be fire walls, who else may be brought aboard as a
non solicitor partner? Will law costs draftpersons be eligible?
The overall position
concerning practices is becoming more complicated for those who trade
with them and those who are represented by them. Limited Liability
Partnerships are expected to be up and running by April 6 2001 to
coincide with the tax year although the Law Society still needs to amend
its incorporation practice rules.
Where a success fee is
contracted for how will the separate risk assessments be drawn up? How
will the insurance industry react? What will the costs consequences be?
What circumstances will costs orders need to provide for?
The developments are
something of a quagmire at present and the full impact of costs
considerations within the framework of the C.P.R.'s is yet to be
Victor Webb 18/12/00
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