Tag Results
Traditional firms “more innovative than ABSs”, says SRA, as it promises COLP/COFA reassurance
Monday, 17 December 2012Innovations in legal practice are coming more from traditional law firms than from ABSs, the SRA said last week. Meanwhile, it will this week clarify the position of firms that have submitted COLP and COFA nominations but have not yet received approvals.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, outsourcing, personal injury, practising certificate, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
SRA: “too many” COLP and COFA nominees failing to disclose suitability issues
Thursday, 6 December 2012The Solicitors Regulation Authority has received “too many” compliance officer nominations where the individuals concerned have failed to disclose serious disciplinary issues that make them unsuitable for the role, as it warns that hundreds of firms will start 2013 without officers in place.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA begins action against 400 COLP/COFA defaulters as first approvals are issued
Monday, 3 December 2012The Solicitors Regulation Authority is to begin the process of pursuing the 400 law firms which have yet to nominate their compliance officers after the first tranche of approvals was issued.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Regulation Authority
Posted in Latest news, Solicitors
In brief: latest ABS, Co-op wins contract, top firms “don’t want” external cash, SRA race probe
Thursday, 29 November 2012Our regular round-up of important news nuggets includes the newest SRA-licensed ABS, an advice contract for the Co-op, a survey of top firms on how they are changing, a probe of SRA files to identify any racial discrimination, heavy fine for spam texters and much more.
Tags: ABS, Alternative business structures, Co-op, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, equality and diversity, external investment, Intellectual Property Regulation Board, IPReg, legal aid, legal disciplinary practice, legal process outsourcing, probate, Solicitors Regulation Authority
Posted in hrtraining, Latest news, Marketing & PR, News In Brief, Outsourcing
First successes in red tape challenge with SRA set to sweep away City irritants
Tuesday, 20 November 2012The end of the “crazy” requirement that law firms have to go through multiple notification processes to nominate the same people as compliance officers for affiliated entities is in sight as one of the first changes flowing from the Solicitors Regulation Authority’s ‘red tape challenge’.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Fire and brimstone
Thursday, 15 November 2012It has been a week of strong words. First of all we had Bar Council chairman Michael Todd QC sounding off about the Legal Services Board, and then on Tuesday Solicitors Regulation Authority chairman Charles Plant was uncompromising about his view of the “small but significant” number of solicitors who are not good enough to be in practice. Let’s start with Mr Plant, who does like to drop the occasional grenade to liven things up. In some ways it is hardly controversial to suggest that out of nearly 130,000 practising solicitors, there are some bad apples – but the problem appears a lot bigger than that.
Tags: Bar Council, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Legal Services Board, Solicitors Regulation Authority
Posted in Blog
Exclusive: SRA chairman says too many solicitors are "simply not good enough"
Wednesday, 14 November 2012There are too many solicitors in England and Wales “who are simply not good enough”, the chairman of the Solicitors Regulation Authority claimed yesterday. He told the 500 firms yet to nominate COLPs that “enough is enough” – they face having their right to practise withdrawn.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Law Society, legal education and training review, legal practice course, Legal Services Board, LETR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Speaking truth to power
Tuesday, 6 November 2012Posted by Barbara Hamilton-Bruce, director of operations at Accident Advice Helpline: I regularly sit down with people from teams across the business to talk about the performance of law firms on our panel and firms that have made enquiries about membership. One of the agenda subjects is ‘quality’. It’s a hard thing to define but generally we are asking ourselves ‘does what we have learnt since the last meeting that may change our view of any of our panel firms, past or present?’. We talk about many things but pay a lot of attention to customer feedback, good and bad.
Tags: COLP, compliance officer for legal practice, OFR, outcomes-focused regulation
Posted in Blog
SRA warns firms and solicitors: co-operate or else
Friday, 19 October 2012The Solicitors Regulation Authority sent out a strong message yesterday that firms which fail to co-operate with it will face tough action. It also emerged that the SRA is set to share details of the risks it considers law firms face with their COLPs and COFAs.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Regulation Authority, supervision
Posted in Latest news, Solicitors
COLPs "need access to external legal advice" if facing conflict with firm management
Wednesday, 10 October 2012Compliance officers for legal practice (COLPs) should be allowed to buy in independent external advice at their firm’s expense in the event of a conflict with management, according to two senior solicitor consultants.
Tags: compliance officer for legal practice
Posted in Latest news, Solicitors