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Licensed conveyancers to embrace third-party managed accounts
A revised accounts code that expressly allows firms of licensed conveyancers to use third-party managed accounts has been approved by the Legal Services Board.
Legal regulators cool on the idea of being abolished
Legal regulators have reacted coolly to the recommendation of Professor Stephen Mayson that they be replaced by a single organisation, arguing instead the case for specialism.
Shut-down firm ordered to pay former staff £375,000
A law firm shut down by its regulator last year has been ordered to pay former staff £375,000 for multiple employment law breaches.
Bar Council and BSB cut costs as Scots slash fees for solicitors
The Bar Council and Bar Standards Board have announced a series of measures – including furloughing – to make savings of more than £200,000 to support the profession during the Covid-19 crisis.
Regulators “confirm commitment” to Legal Choices amid control dispute
Seven of the eight frontline regulators have “confirmed their continued commitment” to the Legal Choices website, despite the Solicitors Regulation Authority no longer wanting to run it.
LSB questions Bar regulator’s decision-making
The Legal Services Board is launching a formal review of the Bar Standards Board’s leadership and decision-making in the wake of its controversial decision to stop funding the Legal Choices website.
CLC allows firms to defer payment of regulatory fees
The Council for Licensed Conveyancers has become the first regulator to offer financial help during the coronavirus crisis, allowing the firms it regulates to defer the regulatory fees they pay.
Government identifies justice system’s keyworkers
Legal professionals involved in court and tribunal hearings, as well as those advising people deprived of their liberty or on executing wills are ‘keyworkers’, the Ministry of Justice has said.
“Strong improvement” in AML oversight by regulators
There has been a “strong improvement” among the legal regulators in their approach to anti-money laundering, their oversight body has reported.
CMA worried about conveyancer reliance on developers
The Competition and Markets Authority has expressed concern that conveyancers’ advice to leasehold clients may be compromised by their relationships with developers.
Blog
The lonely role of a COFA: sharing the burden of risk management
Compliance officers for finance and administration in law firms can often find themselves walking a solitary path. But what if we could create a collaborative culture of shared accountability?
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.
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