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Our Practice Compliance forecast as at 18 June 2024 As at 18 June 2024, the forecast monitors proposed regulatory developments relevant to law firm compliance, enabling you to plan ahead for any changes that could affect your organisation. You should review it carefully, but headline points that ought to be on your radar are outlined below. New items we’re tracking this month FATF assessment of the UK—FATF will shortly commence its fifth cycle assessing global efforts to combat money laundering, terrorist financing and proliferation financing. In this context, the UK will undergo a detailed peer review, leading to a new Mutual Evaluation Report to be published in 2028. See: AML, CTF and counter-proliferation financing SRA consultation on its draft business plan and budget—the SRA has opened a consultation on its draft business plan and budget for 2024–2025. The SRA has indicated that feedback from the consultation will not only inform the setting of practising fees for 2024–2025, but will also be used to finalise...
As at 17 February 2026, our Practice Compliance forecast monitors proposed regulatory developments affecting law firm compliance, enabling you to prepare for changes that may impact your organisation. Please review it thoroughly; key matters that should be on your radar are highlighted below. New items we’re tracking this month Economic Crime Levy changes—HMRC has confirmed a rise in the Economic Crime Levy, effective from the financial year commencing April 2026. The names and descriptions of the bands have also been revised to align with the updates introduced in Budget 2025. See: AML, CTF and counter-proliferation financing OFSI Call for evidence: Ownership and control test—OFSI has opened a call for evidence on how the ownership and control test in UK financial sanctions regulations is applied in practice. ...
It is almost invariably sensible for the partners of a limited liability partnership (LLP) to put in place a limited liability partnership agreement, both to prevent any unsuitable default rules under the Limited Liability Partnerships Act 2000 (LLPA 2000) from automatically taking effect, and to augment the statutory legal regime where it is lacking. Default provisions The Limited Liability Partnerships Regulations 2001, SI 2001/1090 (LLPR 2001) provide default terms that will govern how an LLP operates if, and to the extent that, there is no express agreement to the contrary...
Clinical Negligence Claims Agreement 2024 The Clinical Negligence Claims Agreement 2024 replaces the COVID-19 Clinical Negligence Protocol (2020) (last revised June 2021), which was brought in as an urgent response to modify clinical negligence claims handling and litigation arrangements during the coronavirus (COVID-19) outbreak. This 2024 arrangement develops the earlier Protocol, with a number of practices now embedded within routine claims management. Although not legally binding, the agreement stresses cooperative engagement between the parties. The agreement can be found here: Clinical Negligence Claims Agreement 2024. A claimant must seek an extension under the terms of this agreement before the primary limitation period comes to an end. Where NHSR is the indemnifying organisation and has not yet received notice of the claim, written notification should be emailed to nhsr.limitationnotification@nhs.net. Different provisions apply, including on limitation, for those who are not party to, or cannot take advantage of, the agreement. For more detail, see Practice Note: Extending the limitation period in clinical negligence claims...
Once the parties conclude that mediation is a suitable route to resolve their dispute, or where the court directs them to consider it, their solicitors will take responsibility for arranging and setting up the mediation. This Practice Note addresses identifying and selecting a mediator, outlining the steps to find and choose an appropriate candidate, including what to do if consensus cannot be reached. Ordinarily, the parties jointly, and by consent of all parties, agree on a mediator; if agreement on the appointment proves elusive, a neutral third party—such as an organisation delivering alternative dispute resolution (ADR) services—may make the appointment on their behalf. Requirements may vary by the court handling your case, so be alert to any extra provisions—see: Court specific guidance. For details of mediator’s fees and other mediation expenses, see Practice Note: Mediation costs—liability and recovery. For an overview of the lawyer’s role in arranging a mediation, see Practice Note: Organising a mediation. See also: Court specific guidance. ...
[ Place on your firm’s headed paper ] [ Add the claimant’s solicitors’ name and address, including any reference number and/or the responsible lawyer’s name if given in the letter of claim ] [ Insert date ] [ Include your reference ] Dear [ insert organisation name ] [ Insert heading ] We write in reply to your letter of claim dated [ insert date ] [ and, further to our acknowledgement letter dated [ insert date ] ]. [ We act for [ insert name of client ]. ] This correspondence serves as our client’s formal letter of response under paragraph 6(b) of the Practice Direction Pre-Action Conduct and Protocols (the Practice Direction). Notifications [ We confirm that our client has supplied a copy of your letter of claim to its insurers. ]...
Without prejudice save in respect of costs [ Insert name and address of other party's solicitors ] [ Insert date ] Dear [ insert organisation name ] [ Insert case heading ] — Mediation Notice Our respective clients were unable to settle the dispute through [ informal ] negotiations [ between their respective senior executives ]...
Private and confidential [ Insert name and address of other party's solicitors ] [ Insert date ] Dear [ insert organisation name ] [ Insert case heading ] —Mediation Notice [ We represent [ insert name of client ] ]. We refer to the agreement entered into by [ insert party ] and [ insert party ] on [ insert date of contract ] (the ‘Agreement’), and to the dispute resolution clause (clause [ insert clause number ]) (the ‘Dispute Resolution Clause’) cited within the Agreement...