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Barnetts responds to government White Paper

Richard Barnett, senior partner of Barnetts Solicitors, has welcomed the legal reforms set out by the Lord Chancellor in the White Paper published on the October 17 2005.

Barnet, who is an advocate of change within the profession, says the reforms will pave the way for the industry to become more efficient and create a host of opportunities.

He says: “From digesting the White Paper it looks like there are no nasty shocks in store and many in the profession including myself are not surprised by its content. Its pretty much as we had expected.

“The regulatory changes have been anticipated and Ive been very impressed by the Law Societys work to date. Similarly the Tesco Law and its provision which have been widely reported on will bring flexibility to the practicing of law.

“Certainly for Barnetts, it would give us opportunities to work with our commercial partners in a very different way.

“I also think the move to open up outside investment and the possibility of non-lawyers owning a firm is a good move. Lawyers dont always make the best managers and this is a principle of ours that has paid dividends. Joe Whelan, our chief executive, is not a lawyer but he is a good business strategist and effective manager. He has undoubtedly been a key to the firms ongoing success.

“However, outside investment needs to be regulated and the individuals who effectively own a practice will need to be thoroughly vetted. I can understand the reservations of fellow lawyers, but I think there will be sufficient safeguards in place to prevent any wrong doing.”

In July 2005 Barnett was elected to the Law Societys Council.


Friend quits Opus to move closer to home

Kevin Friend, formerly director of sales at Scotland-based Opus, has left to pursue other opportunities. He joined the firm as sales director at the beginning of 2004, having helped set up The Mortgage Intermediaries’ Alliance Scotland with Colin McCallum. Opus was part of MIAS. Friend cut his teeth in the financial services industry at The […]

em- roadshow heads North

em- is taking its roadshow to Newcastle upon Tyne and Leeds. The Gateshead Hilton Hotel in Newcastle will play host to the event on October 25, before it moves to Leeds SAS Radisson Hotel on October 26.Roger Morris, managing director at em-, says: “These events always prove to be popular with our broker community. It […]

GMAC-CM appoints real estate vice president

GMAC Commercial Mortgage Europe has appointed Steve Machin as vice president of the UK real estate finance team, based in Norfolk House, St. James Square. Machin, who joins GMAC-CM Europe from RBS Structured Property Finance, will report to Kevin Cooper, managing director, UK Real Estate Finance. His appointment closely follows the recruitment by GMAC-CM Europe […]

True online binding decisions make for better service

From Jeff Knight Reading about other lenders’ service problems shocks me. Given the technology that exists, intermediaries should not be subjected to lenders’ blowing up and giving poor levels of service. It’s not good for intermediaries or their clients. But if more lenders offered true online binding decisions this would not happen. For example, over […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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