Editor's letter

Welcome to the June/July issue of FD Legal. On your marks, get set… GO! Professional indemnity renewal season is about to begin. Have you started your applications? If not, you’d better get your skates on – because if you thought last year was bad, this year’s gonna be a doozy. Get in there early or risk taking a dip in the assigned risk pool (ARP). Prepare to be questioned, poked and prodded; and when going for ‘transparency’ think ‘the invisible man’…

Regular
Thought leader
Big changes ahead by Fran Gillon of the Legal Services Board

Feature
Cover story: What clients want and how the FD can give it to them
By Tim Nash

Feature
Law firms and lenders - who calls the tune now?
William Arthur examines how the credit crunch has changed firms’ relationships with their banks and how to make the most of a more difficult climate.

Feature
'Going concern’ – what will the auditors say?
Steve Gale outlines what the auditors will want to see, how firms should prepare and the ongoing process.

Feature
Weathering the storm
Colin Quinney discusses the Solicitors Regulation Authority, compliance and
staying on the right side of the regulatory line during these difficult times.

Feature
Is four the new five?
Mark Mansell outlines the advantages and disadvantages of introducing a four-day week as an alternative to recession redundancies.

Regular
Risk focus: Picking up the pieces
By Frank Maher

Feature
The economic downturn – new risks and challenges
John Marshall looks at the risks brought to light by the recession and the consequent changing profile of risk.

Feature
A welcome harmonisation?
Eleni Pavlopoulos and Kay Lee Fordham provide an overview of the proposed changes to the rules on conflicts and confidentiality.

Regular
Sponsored last word
Using technology to achieve law firm business objectives: A tale of two birds