Our view - April 2008
As we reach another implementation date for the Companies Act 2006 the in-house legal team at Jordans finds itself buried under yet another mountain of paperwork.
We have had hundreds of pages of statutory instruments to read through and assimilate, including the 5th and 6th commencement orders and the 74 page consequential amendments order. I don't know about you, but we find it too difficult to read that sort of detailed information on screen, so it is all printed out so we can circle and highlight and put post it notes at the relevant sections to our hearts' content.
We then had to review our internal legal precedents – all 750 of them. Not all have been amended – but of course you have to review every one to see if they need to be amended. Again, this detailed work needs to be checked off-screen, so we sacrificed a few more trees for this.
And that's not to mention the 141 variations of Memorandum and Articles and optional articles that we offer to our clients. Not too many changes needed this time, but nearly every one has been updated. Our automated formation systems have been amended too.
Our next task was training, where we have to train staff over 3 offices in the UK. Our carbon footprint took a bit of a toll with all the travelling involved. However, whilst the last month may not have been particularly environmentally friendly, we now have that feeling of satisfaction to know that the job is done – at least until October!
The only regret is that the in-house work has kept us so busy that we haven't had time to post regular updates on the site. If you can bear with us for a little longer (we all need a short rest while we get on with our other work that has been neglected over the last month) these will start appearing on this site shortly.
Group Chief Solicitor
Jordans
