hmmm
All I really knew was that I had found the perfect place on the perfect wave, and I had remained there endlessly. Forever.
Allan Weisbecker, from In Search of Captain Zero: A Surfer’s Road Trip Beyond the End of the Road.
Lawyers on insider trading
July 31, 2008
News of the arrests of workers at the Swiss bank UBS and JPMorgan Cazenove, one of the oldest names in the City of London, for alleged insider dealing on Tuesday may have sent a chill through the UK capital’s trading rooms, but lawyers are not convinced that the FSA’s sudden flexing of muscle will make much difference.
As the FT reports here, ” ‘Moving away from the civil offence of market abuse to criminal prosecution is a natural but significant step for the FSA,’ said Richard Burger, a solicitor with Reynolds Porter Chamberlain, the City law firm, and a former FSA enforcement lawyer. ‘The infrequency of prosecutions illustrates just how difficult it is to secure convictions for insider dealing.’ ”
Elsewhere, the FT quotes Carlos Conceicao, a partner at Clifford Chance: “There has been precious little research done on where these insider dealers are. If you believe a lot of the serious harm is being done by people who know the system and play the system, I suppose there is a question mark over how effective the current enforcement action will be.”
And then there is Elizabeth Robertson of Addleshaw Goddard, who, says the FT, believes that “now it had finally begun flexing its criminal muscle, the regulator appeared to be targeting only individuals, despite the fact that some of its own research suggested large-scale insider dealing may be taking place.”
All of which makes for a rather bleak diagnosis of the FSA’s efforts.
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Knowledge Bank
In this article, Gavin Ingham Brooke and Rohit Grover of Spada examine the importance of marketing and PR in a downturn. This article was originally published in Solicitors Journal, Practice Management Supplement, 28 April 2009, and has been reproduced by kind permission.
Environmental Reporting: Trends in FTSE 100 Sustainability Reports
In the latest of our series of white papers, Spada Research examines trends in environmental reporting. The white paper is available for download here.
Now available for download here is Spada’s latest white paper. Entitled ‘The Laity Bytes Back’, the paper looks at Web 2.0 and the professions.
In this paper, published in the International Journal of Business and Economics, David Brock, Tal Yaffe and Mark Dembovsky scrutinise large law firms, their strategies and measures of their effectiveness.
In this article, Gavin Ingham Brooke, MD of Spada, looks at how US law firms should approach hiring a UK PR agency. The piece is reproduced from Strategies – The Journal of Legal Marketing by kind permission of the Legal Marketing Association.
Towards 2012 – The New Legal Landscape
Spada’s white paper on the impact of the Legal Services act is now available to download here. The research recently featured on the front page of the Law Society Gazette.
Information Inflation: Can the Legal System Adapt?
George L. Paul, a partner in Lewis and Roca, LLP and Jason R. Baron, Director of Litigation at the National Archives and Records Administration, discuss the “new inflationary dynamic” of information in this article from the Richmond Journal of Law and Technology. How do vast quantities of new writing forms challenge the legal profession, and how should lawyers adapt?
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