Compliance & Regulation
BSB could publish assessments of chambers and encourage mergers
The Bar Standards Board has floated the idea of publishing assessments of individual chambers as part of a new supervision strategy and encouraging smaller ones to bulk up through merger.
Law Society wants single AML supervisor for legal services
The Law Society has argued for a single supervisor of anti-money laundering activity for the legal sector in England and Wales.
Unbundling “empowers client” and optimises solicitors’ billing
Clients using unbundled legal services feel empowered by having control of their own case, while it is the best way for solicitors to bill every minute of their time, a pioneering family lawyer says.
“Great deal of work” still needed on barrister apprenticeships
There is still a “great deal of work” to be done to ensure that barrister apprenticeships are ready for launch, the Bar Standards Board has warned, even though it is set to move closer today.
Solicitors told to brace for “radical” rise in compensation fund costs
Solicitors were yesterday warned to brace for a “radical” increase in their contributions to the SRA Compensation Fund following the interventions into Axiom Ince, Metamorph and Kingly.
Law firms warned over lack of AML risk assessments
The Solicitors Regulation Authority has warned law firms that they must carry out client/matter risk assessments or risk being subject to a new system of fixed penalties.
Bar Council: “Hard to fathom” LSB’s criticism of cab-rank rule
The Bar Council has hit back at Legal Services Board comments on the cab-rank rule, saying that it is “hard to fathom” why it would be against a rule that supports consumer choice.
LSB: Lawyers’ misconduct justifies further action on NDAs
Examples of lawyers’ misconduct when dealing with non-disclosure agreements are a “cause for concern” and justify further regulatory action, the Legal Services Board said this week.
“Relatively straightforward” for barristers to avoid cab-rank rule
It seems “relatively straightforward” for barristers to avoid the cab-rank rule and its importance to access to justice may be overstated, the Legal Services Board has said.
SRA: “Significant minority” of firms still falling short on AML
Nearly 30% of firms probed by the Solicitors Regulation Authority for their adherence to anti-money laundering rules in the last year were non-compliant, new figures have shown.
Blog
Mind the (justice) gap: Why are RTAs going up but claims still down?
The gap between the number of road traffic accident injuries and the number of motor injury claims continues to widen, according to the latest government data.
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
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