Changes in the Regulation of the Legal Profession in Bailed Out Ireland

Changes in the Regulation of the Legal Profession in Bailed Out Ireland PDF Author: Maeve A. Hosier
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
In accordance with the terms of the loan which was obtained in November 2010 from the IMF and EU (the Troika) the Irish Government committed to significant reform of the legal services market, and the Legal Services Regulation Bill (LSRB) which was published in October 2011 seeks to meet the state's obligations in that regard. The regulation of the legal profession in Ireland is about to be radically altered, if the LSRB is enacted in its current form. It provides for the establishment of a Legal Services Regulatory Authority with responsibility for the regulation of both solicitors and barristers. It will establish the Office of Legal Costs Adjudicator which will endeavor to bring greater transparency to the area of legal costs. A new Legal Practitioners Disciplinary Tribunal will also be established to oversee the operation of an independent system for the investigation of complaints relating to professional misconduct. The publication of the LSRB set the scene for a battle royale between both the Bar Council of Ireland and The Law Society of Ireland on the one hand and the Minister for Justice, Mr Alan Shatter on the other. This paper describes the existing framework which governs the regulation of the legal profession in Ireland, explores the key provisions of the LSRB and assesses their potential impact upon the present regulatory structure. It also describes how the LSRB will replace the present regulatory framework with a system of governmental co-regulation. The paper argues that the provisions of the LSRB will help to prevent the re-emergence of a triad involving property developers, financial institutions and lawyers which was a prime mover in the inflation and subsequent collapse of the Irish property bubble.

Changes in the Regulation of the Legal Profession in Bailed Out Ireland

Changes in the Regulation of the Legal Profession in Bailed Out Ireland PDF Author: Maeve A. Hosier
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
In accordance with the terms of the loan which was obtained in November 2010 from the IMF and EU (the Troika) the Irish Government committed to significant reform of the legal services market, and the Legal Services Regulation Bill (LSRB) which was published in October 2011 seeks to meet the state's obligations in that regard. The regulation of the legal profession in Ireland is about to be radically altered, if the LSRB is enacted in its current form. It provides for the establishment of a Legal Services Regulatory Authority with responsibility for the regulation of both solicitors and barristers. It will establish the Office of Legal Costs Adjudicator which will endeavor to bring greater transparency to the area of legal costs. A new Legal Practitioners Disciplinary Tribunal will also be established to oversee the operation of an independent system for the investigation of complaints relating to professional misconduct. The publication of the LSRB set the scene for a battle royale between both the Bar Council of Ireland and The Law Society of Ireland on the one hand and the Minister for Justice, Mr Alan Shatter on the other. This paper describes the existing framework which governs the regulation of the legal profession in Ireland, explores the key provisions of the LSRB and assesses their potential impact upon the present regulatory structure. It also describes how the LSRB will replace the present regulatory framework with a system of governmental co-regulation. The paper argues that the provisions of the LSRB will help to prevent the re-emergence of a triad involving property developers, financial institutions and lawyers which was a prime mover in the inflation and subsequent collapse of the Irish property bubble.

The Regulation of the Legal Profession in Ireland

The Regulation of the Legal Profession in Ireland PDF Author: Maeve Hosier
Publisher: Quid Pro Books
ISBN: 1610272595
Category : Law
Languages : en
Pages : 328

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Book Description
The Regulation of the Legal Profession in Ireland is a new and insightful exploration of history, controversy and reform relating to the Irish legal system. During recent legislative debate over a professional reform bill, Alan Shatter--then the Minister of Justice in Ireland--publicly called this study, in its earlier form as a dissertation, "marvellous," and stated that it "should be compulsory reading for us all." He noted that the thesis "sets out the history of the legal profession and how it evolved. It evolved continually until approximately 1870 and then went into paralysis and nothing has changed since. ... It is extraordinarily curious that people think the world stopped in 1870." Professor Laurent Pech, formerly of the School of Law at NUI Galway and now Head of the Law Department at Middlesex University London, has stated that this study "makes a decisive contribution to the on-going scholarly and policy debates on this issue, by evaluating the present regulatory framework and offering a number of suggestions to improve it in a context of increasing transnationalisation of the market for legal services." He added that Hosier's "innovative approach to the problem of lawyers' misconduct is, in particular, worth noting. This aspect of her work has the potential to help alleviate a problem which has been extremely costly for both the legal profession and wider society alike. Her doctoral research also provides a valuable insight into the impact of the Troika upon the regulation of the legal profession in so-called 'bailed-out countries.'" Professor Pech concluded that the author "should be congratulated for having made an exceptional contribution to the current debate on the regulation of the legal profession both nationally and internationally. I have no doubt that her original and thought-provoking work will be useful to policy-makers and scholars alike." This book features Professor John Flood's new, substantive introduction, explaining the worldwide implications of professional reform efforts, the financial crisis that precipitated them, and the relation to regulation of the legal profession in other countries. It also includes the author's notable examination of the effect of the Troika's bailout conditions on law reform possibilities in Ireland. This part of the book was presented in the US at the 2013 annual conference of the Law and Society Association. Finally, the book adds a section on 2014 developments in reform efforts in Ireland. A powerful new addition to the Dissertation Series from Quid Pro Books.

The Legal Profession in Troikaland

The Legal Profession in Troikaland PDF Author: Maeve A. Hosier
Publisher:
ISBN:
Category :
Languages : en
Pages : 43

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Book Description
Ireland is feeling a chil ...

Foreword to

Foreword to PDF Author: John Flood
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The foreword shows how in the recession of 2008 lawyers escaped culpability while bankers were excoriated for their role in it. Nevertheless in Ireland, when it became a debtor country in the Eurozone, the Troika (IMF, EU, ECB) enforced a restructuring of the legal services market. This is viewed in the global context of a shift towards liberalisation of the legal services market at national and supranational levels. Despite the shift lawyers are rejecting change where they can, or, if they are unable to resist, at least attempt to delay it.

The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report PDF Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
ISBN: 1616405414
Category : Political Science
Languages : en
Pages : 692

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Book Description
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Women, Business and the Law 2021

Women, Business and the Law 2021 PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 1464816530
Category : Law
Languages : en
Pages : 381

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Book Description
Women, Business and the Law 2021 is the seventh in a series of annual studies measuring the laws and regulations that affect women’s economic opportunity in 190 economies. The project presents eight indicators structured around women’s interactions with the law as they move through their lives and careers: Mobility, Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and Pension. This year’s report updates all indicators as of October 1, 2020 and builds evidence of the links between legal gender equality and women’s economic inclusion. By examining the economic decisions women make throughout their working lives, as well as the pace of reform over the past 50 years, Women, Business and the Law 2021 makes an important contribution to research and policy discussions about the state of women’s economic empowerment. Prepared during a global pandemic that threatens progress toward gender equality, this edition also includes important findings on government responses to COVID-19 and pilot research related to childcare and women’s access to justice.

International Perspectives on the Regulation of Lawyers and Legal Services

International Perspectives on the Regulation of Lawyers and Legal Services PDF Author: Andrew Boon
Publisher: Bloomsbury Publishing
ISBN: 1509905197
Category : Law
Languages : en
Pages : 299

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Book Description
This collection explores developments in the regulation of legal services by examining the control of the markets in several key countries and in jurisdictions within countries. The contributions consider emerging adjustments in regulatory structures and methods; examine the continuing role, if any, of professionals and how this may be changing; and speculate on the future of legal services regulation in each jurisdiction. The introductory and concluding chapters draw together similarities, differences and conclusions regarding directions of change in the regulation of legal services. They consider the emergence of alternatives to professionalism as a means of regulating legal services and some implications for the rule of law.

Legal Aspects of the European System of Central Banks

Legal Aspects of the European System of Central Banks PDF Author: Liber Amicorum
Publisher:
ISBN: 9789291817016
Category : Banking law
Languages : en
Pages : 414

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Book Description
"The book contains a collection of articles on the European Union and the European System of Central Banks (ESCB), the Eurosystem, monetary law, central bank independence and central bank statutes as well as on financial law. The authors are current or former members of the Legal Committee of the ESCB (LEGCO). This book commemorates ten years of work by the Working Group of Legal Experts of the European Monetary Institute and by the LEGCO. It is dedicated to Mr Paolo Zamboni Garavelli, former Head of the Legal Department at the Banca d'Italia and member of LEGCO, who died in 2004."--Editor.

Byrne and McCutcheon on the Irish Legal System

Byrne and McCutcheon on the Irish Legal System PDF Author: Raymond Byrne
Publisher: Bloomsbury Publishing
ISBN: 1526515105
Category : Law
Languages : en
Pages : 1148

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Book Description
Winner of the DSBA Practical Law Book of the Year Award 2020 This seventh edition provides comprehensive treatment of the key elements of the legal system in Ireland, including the roles and regulation of legal practitioners, the organisation of the courts and the judiciary, and an analysis of the main sources of Irish law and their application in practice. It is essential reading for law students in Ireland, and practitioners will find it of great value. The seventh edition has been fully updated to reflect recent key developments including: Fundamental reform of the legal profession under the Legal Services Regulation Act 2015, The commencement of the main regulatory powers of the Legal Services Regulatory Authority and the establishment of the Office of the Legal Costs Adjudicator; The increasing impact of information technology on the legal profession and the courts, accelerated in 2020 by the Covid-19 pandemic; The establishment of the Judicial Council under the Judicial Council Act 2019, and the roles of its committees; Discussion of the system for appointing judges; The establishment of the Court of Appeal and the resulting impact on the Supreme Court; The Mediation Act 2017 and alternative dispute resolution in civil cases; The doctrine of precedent, including important case law from the Court of Appeal and the Supreme Court; Significant developments in making legislation more accessible online, and analysis of the case law on the interpretation of legislation; The impact of recent constitutional decisions, including case law on suspended declarations of unconstitutionality, and the constitutional amendments on marriage equality and abortion; Developments in EU law, including the potential impact of Brexit, and the growing impact on Irish law of more than 1,400 international agreements that Ireland has ratified.

The Irish Law Times and Solicitors' Journal

The Irish Law Times and Solicitors' Journal PDF Author:
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1000

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Book Description