Legal & General 2022 Operating Profit Beats Views

By Elena Vardon


Legal & General Group PLC on Wednesday posted an operating profit beat for 2022 and said it is highly confident in its strategy to continue to deliver growth.

The FTSE 100-listed insurance company reported an operating profit of 2.52 billion pounds ($2.98 billion) for the year ended Dec. 31, ahead of the GBP2.45 billion expected by a company-compiled consensus. This represents a 12% on-year increase compared with the GBP2.26 billion reported for 2021, ahead of the group’s 8% growth guidance.

Pretax profit rose to GBP2.66 billion from GBP2.49 billion on the higher operating result and positive investment variance, it said.

Its solvency coverage ratio–a key measure of balance-sheet strength–stood at 236% compared with consensus’ expected 226% and 187% in 2021.

L&G estimates a coverage ratio of 240% at March 3, it said.

Its cash generation for the year was GBP1.9 billion, up 14%, and capital generation GBP1.8 billion, up 10%.

The board raised the full-year dividend to 19.37 pence per share from 18.45 pence a year earlier, in line with consensus and the group’s 5% annual growth guidance.

“We remain highly confident in our strategy and in our ability to deliver resilient, organic growth, supported by our strong competitive positioning in attractive and growing markets,” said the group.


Write to Elena Vardon at [email protected]


(END) Dow Jones Newswires

March 08, 2023 02:35 ET (07:35 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Read the rest

Tom Sandoval Receives Legal Letter From Raquel Leviss Over Intimate Video

Putting business first. Ariana Madix dumped long-time boyfriend Tom Sandoval after discovering intimate videos of Raquel Leviss on his phone. The sexually-explicit videos of the Vanderpump Rules star led to #Scandoval and the demise of their nine-year relationship.

Just a week after the news broke, that video is coming up in a completely different conversation. According to Entertainment Tonight, Raquel’s legal team has addressed the issue of her privacy rights. The concern is the distribution of the NSFW material. Apparently, Raquel is also alleging that Tom recorded her without her consent.

Raquel did send legal letters to several members of her cast. There were a couple of variations of the letter depending on their involvement,” a source stated.

The insider added, “Raquel did send a letter off to Tom Sandoval as well, letting him know not to show the video or distribute it, as well as to delete it. Raquel is hoping this letter will stop anyone from sharing or posting the video.”

“We understand that sometime recently you and Ms. Leviss engaged in an intimate exchange on Facetime, which you recorded without the permission of Ms. Leviss. California is what is called a ‘two party consent’ state, and accordingly, such recording is illegal in California and can potentially expose you to both civil and criminal penalties,” Raquel’s lawyer wrote to Tom. “Please be further advised that any distribution of this recording would constitute a violation of several California laws.”

The letter continued, “We hereby demand that you delete the recording from your phone and from the cloud and from any other manner or method in which the recording may exist. Additionally, we demand that you advise this office immediately in writing of all people to whom you have forwarded this recording or who you may

Read the rest

Legal Internship Program

The World Bank Legal Vice Presidency

The World Bank Legal Vice Presidency offers highly-motivated law students an opportunity to be exposed to the mission and work of the World Bank and that of the Legal Vice Presidency. The World Bank Legal Internship Program allows individuals to bring new perspectives, innovative ideas, and latest research experiences into the World Bank’s daily operations and improve their legal skills while working in a multicultural environment.

The objective of the program is to provide you first-hand experiences of the day-to-day operations of the World Bank by closely collaborating with staff in the Legal Vice Presidency. As part of our team, working directly with outstanding and inspiring development professionals and senior management, you will get the chance to contribute to the legal services offered by the Legal Vice Presidency as well as participate in high-profile events and conferences organized during the term of your internship.

World Bank Legal Internship Program

The World Bank Legal Internship Program is offered thrice a year for a period of maximum three months at World Bank Headquarters in Washington, D.C. and in certain selected country offices for currently enrolled law school students.

Can you be a intern in the Legal Vice Presidency?

  • Do you hold citizenship of any IBRD member state?
  • Are you enrolled in an LLB, JD, LLM, SJD, PhD, or equivalent legal academic program while you would be undertaking your internship with us?  (e.g. if you apply for the Summer Cycle of LIP, you must be enrolled in an eligible legal academic program between June and August)
  • Do you have an excellent command of the English language?

If you have answered yes to all these questions, you are eligible to be an intern in the Legal Vice Presidency.  Preference shall be given to candidates who possess a decent

Read the rest

Guide to Choosing a Legal Structure for Your Business

  • Your business’s legal structure determines your tax rates, management and paperwork requirements, fundraising abilities, and more.
  • Sole proprietorships and partnerships are relatively easy to start, but they lack liability protection. 
  • Corporations may take more work to start, but they offer liability protection and, in some cases, more favorable tax rates.
  • This article is for business owners looking to learn more about the different small business legal structures.

Your business’s legal structure has many ramifications. It can determine how much liability your company faces during lawsuits. It can put up a barrier between your personal and business taxes – or ensure this barrier doesn’t exist. It can also determine how often your board of directors must file paperwork – or if you even need a board. [Related article: What to Do if Your Business Gets Sued]

We’ll explore business legal structures and how to choose the right structure for your organization. 

A business legal structure, also known as a business entity, is a government classification that regulates certain aspects of your business. On a federal level, your business legal structure determines your tax burden. On a state level, it can have liability ramifications.

Choosing the right business structure from the start is among the most crucial decisions you can make. Here are some factors to consider:

  • Taxes: Sole proprietors, partnership owners and S corporation owners categorize their business income as personal income. C corporation income is business income separate from an owner’s personal income. Given the different tax rates for business and personal incomes, your structure choice can significantly impact your tax burden.
  • Liability: Limited liability company (LLC) structures can protect your personal assets in the event of a lawsuit. That said, the federal government does
Read the rest

Legal Clinics | Law | Baylor University

Students looking for hands-on experience with actual client cases will discover both through Baylor Law’s Legal Clinics. As part of the School’s commitment to pro bono public service, students step outside the classroom and into the community, meeting and working with clients with real needs and real issues—most of who cannot afford a lawyer.

Current Baylor Law Legal Clinics include:

Over the past few years, more than 1,500 central Texans have been served by Baylor Law students, faculty, and volunteer attorneys. Under the supervision of a professor and licensed attorney, many clinics operate year-round. Most are voluntary and all provide students with invaluable experience.

For more information, please contact the Director of Clinical and Pro Bono Programs, Joshua G. Borderud.


Students discover that clients rarely arrive with their legal problems already tied in a neat bow. Developing the listening, interview and client counseling skills to elicit the facts—and the temperament to manage human side of the process—are foundational to any law practice.


In some instances, students find the work they’re doing in clinic mirrors many of the same responsibilities—sometimes even in the same area—they will be assuming in practice. They learn how to gather information, interview clients, draft documents, and sometimes, even try cases—all with the safety net of a professor and practicing attorney for support.


For many students, clinical situations provide their first encounter with the poor. Working with people whose lives are impacted, and sometimes torn, by things most of us take for granted is a light bulb moment for many. At the same time, they bring students face-to-face with people whose ethnic backgrounds, family upbringing, culture, political beliefs, and lives are very different from theirs. Being able see the law through the lens of a real

Read the rest

How to use ChatGPT to write an essay

It is worth noting that if you take the text directly from the chatbot and submit it, your work could be considered a form of plagiarism, since it is not your original work. As with any information taken from another source, text generated by any AI should be clearly identified and credited in your work.

Also: Teachers are using ChatGPT more than students. Here’s how

In most educational institutions, the penalties for plagiarism are severe, ranging from a failing grade to expulsion from the school.

If you want ChatGPT generate a sample piece of text, put in the topic, the desired length, and watch for what it generates. For example, I input the following text: 

Can you write a five-paragraph essay on the topic, “Examining the Leadership Style of Winston Churchill through Blake and Mouton’s Managerial Leadership Grid.”

Within seconds, the chatbot output exactly what I asked for: A coherent, five-paragraph essay on the topic which can help you to guide you in your own writing. 

Also: What is GPT-4? Here’s everything you need to know

At this point it’s worth remembering how tools like ChatGPT work: They put words together in a form that they think is statistically valid but they don’t know if what they are saying is true or accurate. That means you might find invented facts or details or other oddities. It won’t be able to create original work because it is simply aggregating everything it has already absorbed. It might be a useful starting point for your own work, but don’t expect it to be inspired or accurate.

Read the rest

Writing Research Background – Research-Methodology

Research background is a brief outline of the most important studies that have been conducted so far presented in a chronological order. Research background part in introduction chapter can be also headed ‘Background of the Study.” Research background should also include a brief discussion of major theories and models related to the research problem.

Specifically, when writing research background you can discuss major theories and models related to your research problem in a chronological order to outline historical developments in the research area.  When writing research background, you also need to demonstrate how your research relates to what has been done so far in the research area.

Research background is written after the literature review. Therefore, literature review has to be the first and the longest stage in the research process, even before the formulation of research aims and objectives, right after the selection of the research area. Once the research area is selected, the literature review is commenced in order to identify gaps in the research area.

Research aims and objectives need to be closely associated with the elimination of this gap in the literature. The main difference between background of the study and literature review is that the former only provides general information about what has been done so far in the research area, whereas the latter elaborates and critically reviews previous works.


Writing Research Background



Writing Research BackgroundMy e-book, The Ultimate Guide to Writing a Dissertation in Business Studies: a step by step assistance offers practical assistance to complete a dissertation with minimum or no stress. The e-book covers all stages of writing a dissertation starting from the selection to the research area to submitting the completed version of the work within the deadline.

John Dudovskiy

Read the rest

Proper way to write a date on a legal document

Legalities are important to follow with any document you want to stand up in court. You should write all contracts, even lighthearted ones or those between friends, in a manner that makes them binding. The date on legal documents is very important, and you need to write it properly so there isn’t any chance that the document won’t survive legal scrutiny.


Why It’s Important

Write the date properly and correctly on a legal document for several reasons. Documents are intended to show intent, information or contracts, and therefore the date on which these things take place is extremely important. A wrong or incorrectly placed date on a contract of sale, for instance, could void the transaction.


Writing the Date Properly

Write the date in several different ways so that it is absolutely clear and there is no question about the intent. Write the date several times in your document, especially if the date is particularly germane to document, such as a lease or transfers of sale documents. The date should appear on the header, with the month, day and year style, and also in the body of the contract.

  • Write the date in several different ways so that it is absolutely clear and there is no question about the intent.
  • The date should appear on the header, with the month, day and year style, and also in the body of the contract.

Shelley Loverign, a court clerk in Aberdeen, South Dakota, says that in order to get rid of any confusion regarding dates, you should first write the date in numbers, such as February 21st, 2009, and then in words, such as February twenty-first, two thousand and nine. This will make the date clearly stated on the document.

Include a place for those signing the

Read the rest

Rules for writing out dollars & cents in legal documents

The details are key in a legal document. When a document contains a dollar amount such as a figure owed for a settlement, the exact amount must be clear to any reader. To that end, dollars and cents in legal documents are written in both words and numbers. This helps to ensure that the correct amount is understood, especially when there is a large, uneven amount.



When writing out an amount under one dollar in a legal document, start with the figure spelt out and followed by the word “cents” — for example, “forty-nine cents.” Note the use of hyphens between the numbers in the tens and ones places of the figure. Follow the words with the numeric figure in parentheses — for example, “forty-nine cents (49 cents).” If the amount is under 10 cents, simply write out the full number — “nine cents,” for example.

  • When writing out an amount under one dollar in a legal document, start with the figure spelt out and followed by the word “cents” — for example, “forty-nine cents.”


Whole-Dollar Amounts

According to “Legal Writing: How to Write Legal Briefs, Memos, and Other Legal Documents,” for a whole-dollar amount you can choose to write either the amount numerically preceded by a dollar sign or write out the full amount in words. For example, if the amount is £195 you can use “$300” or “three hundred dollars” in the document. Do not add a decimal place to the figure if there are no cents in the amount.


Dollars and Cents

To write out dollars and cents, you need to represent the figure with both words and numbers. If the figure in question is £2,600.2 then you would write it in your document as “four thousand dollars and thirty-five cents ($4,000.35).”

Read the rest

How to write an internal legal memo

Laws change frequently in the UK due to the use of prior case law as precedent, as well as new laws and codes that are enacted. This situation makes it easy for a barrister to lose track of the status of the law. When a barrister is trying a case, if she needs information regarding how the existing law treats a specific issue, she will ask an associate to write an internal legal memo. A legal memo updates her on the status of the law, and may offer a prediction as to how the court will decide the issue.

  • Laws change frequently in the UK due to the use of prior case law as precedent, as well as new laws and codes that are enacted.
  • A legal memo updates her on the status of the law, and may offer a prediction as to how the court will decide the issue.

Write the header of the legal memo. The header is comprised of four lines indicating the purpose of the memo, the parties to the memo and the date. The four lines of the header are “To:”, “From:”, “Date:” and “Re:”.

State the question, or questions, that the internal legal memo will address in the “Questions Presented” section. Each legal issue that the internal legal memo will discuss is a separate question. You may state the question in the “whether” form or an “under-does-when” form. For example, a legal issue statement can written as “whether a person commits trespass when he steps on his neighbour’s garden to avoid being hit by a car,” or “Under the common law, does a person commit trespass when he steps on his neighbour’s garden to avoid being hit by a car?”

  • State the question, or questions, that the internal legal memo will address in the
Read the rest