Other lawyers
How to make a solicitor “insanely jealous”? Offer his competitor free run-off cover
“Many of my solicitor friends are insanely jealous” that the new arrangements for licensed conveyancers’ professional indemnity insurance include free run-off cover, one practitioner said in a survey that showed widespread satisfaction with the regime.
‘Regulator swapping’ to be put under the microscope
Research into the growing trend of law firms switching regulator has begun so as to assess any risks for consumers and whether there may be unintended consequences. The Legal Services Board is undertaking the work and will look, among other things, at the extent to which new regulators check and use a lawyer or firm’s previous regulatory history.
Barrister cops double suspension after immigration conviction
A barrister who was convicted last year of practising as an immigration adviser while his registration was suspended, has now been suspended from the Bar as well. Meanwhile, four unqualified immigration advisers have been convicted of offering services without being registered by the Office of the Immigration Services Commissioner.
First probate, now tax work – accountants set to go head to head with solicitors
Accountants are set to go head to head with lawyers for tax work after the Institute of Chartered Accountants in England and Wales yesterday formally applied for the right to allow members to conduct reserved legal activities. The institute said the move would be in the interests of consumers.
Law Society and CLC clash on switching regulators
The Law Society and Council for Licensed Conveyancers have clashed plans by the Solicitors Regulation Authority to make it easier for law firms to switch regulator. The society warned that clients could be left without proper cover.
Immigration advisers using McKenzie Friend status “to dodge regulation”
People are avoiding regulation as immigration advisers by “purportedly acting as McKenzie Friends”, the Office of the Immigration Services Commissioner has warned. It said they were “effectively frustrating the will of Parliament”.
CLC seeks approval for solicitor-style indemnity scheme
The Council of Licensed Conveyancers has announced its intention to apply to the Legal Services Board to approve the introduction of a solicitor-style open market indemnity scheme. The move has triggered warnings that law firms may switch regulator from the Solicitors Regulation Authority to the CLC for the wrong reasons.
Call for two-tier regulation based on client money
There should be a two-tier system of legal regulation that distinguishes between those branches of the profession that hold client money and those that do not, the chairman of the Costs Lawyer Standards Board has argued.
LSB report “the best ever”, SRA says
The chief executive of the Solicitors Regulation Authority has responded to strongly-worded criticisms this week from the Legal Services Board by the describing its report as “the best ever” received from the oversight regulator. However, Mr Philip admitted that there were parts of the report and performance review where the SRA had a “different opinion”.
Legal Services Board makes the case for regulatory independence
The lack of independence between the legal regulators and representative bodies risks undermining the credibility of regulation and allows the likes of the Law Society and Bar Council to delay reforms that would benefit competition, the Legal Services Board said yesterday.