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LSB urges conveyancing regulators to consider alternatives to client account
Tuesday, 18 December 2012Regulators should explore alternatives to conveyancers holding client money in a bid to tackle the risks of fraud, the Legal Services Board has recommended. However, it found regulators are working hard at the issue and that it need not intervene any further.
Tags: conveyancing, Council for Licensed Conveyancers, mortgage fraud, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Other lawyers, Solicitors
LSB lays down challenge to regulators – prove you can do the job or face action
Thursday, 13 December 2012The Legal Services Board (LSB) has told the regulators it oversees that now is the time for them to prove they can deliver what is expected of them, warning that it will put their promises “to the test”. The LSB said its focus in 2013/14 will be on the performance of the regulators.
Tags: Costs Lawyer Standards Board, Council for Licensed Conveyancers, ILEX Professional Standards, Intellectual Property Regulation Board, IPReg, Legal Services Board
Posted in Barristers, Latest news, Legal Executives, Legal Services Board, Other lawyers, Solicitors
Conveyancers reject Law Society call for referral fee ban
Monday, 10 December 2012The Council for Licensed Conveyancers has rejected Law Society calls for a ban on referral fees in conveyancing, although it is proposing to increase the disclosure requirements on firms. It found “little evidence of significant detriment” to consumers.
Tags: conveyancing, Council for Licensed Conveyancers, licensed conveyancers, referral fees
Posted in Latest news, Other lawyers
Non-lawyer gains ABS licence for conveyancing practice
Tuesday, 27 November 2012A conveyancing business set up by a technology specialist has become the latest alternative business structure. Peter Ambrose, the owner of The Partnership, based in Guildford, Surrey, described its licence as an “endorsement”.
Tags: ABS, Alternative business structures, conveyancing, Council for Licensed Conveyancers
Posted in Alternative business structures, Latest news, Market monitor
"Simply being a solicitor is not enough" in ABS world, says Law Society chief
Thursday, 15 November 2012Simply being a solicitor “is not enough” in the new legal market, but by raising standards further through accreditation schemes and using their brand recognition, solicitors can preserve a dominant market share, the Law Society’s chief executive has insisted.
Tags: conveyancing quality scheme, Council for Licensed Conveyancers, CQS, Law Society, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Non-solicitors to hold sway on SRA board
Thursday, 15 November 2012The Solicitors Regulation Authority will have a lay majority for the first time from January 2013 – the last frontline legal regulator to comply with internal governance rules that require it. Meanwhile, the Council for Licensed Conveyancers has named an adviser to the Clementi review as its new CEO.
Tags: Council for Licensed Conveyancers, internal governance rules, Legal Services Board, Legal Services Consumer Panel, Solicitors Regulation Authority
Posted in Latest news, Other lawyers, Solicitors
Estate agent-owned conveyancing businesses become latest ABSs
Tuesday, 13 November 2012Two south-east conveyancing businesses owned by estate agents have become the newest alternative business structure (ABS), meaning that more than 50 licences have now been issued by the two ABS regulators.
Tags: ABS, Alternative business structures, conveyancing, Council for Licensed Conveyancers
Posted in Alternative business structures, Latest news, Market monitor, Other lawyers
ABS conversion deadline for LDPs under review
Monday, 12 November 2012The Solicitors Regulation Authority is under pressure to extend its April 2013 deadline for legal disciplinary partnerships with non-lawyer partners to become alternative business structures, after the Legal Services Board said it was “unlikely” to insist on it before 2014.
Tags: ABS, Alternative business structures, Council for Licensed Conveyancers, LDP, legal disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Other lawyers, Solicitors
Exclusive: ombudsman decides against allowing third parties to complain about lawyers
Thursday, 8 November 2012The Legal Ombudsman will not allow third parties to bring complaints against lawyers for the time being, Legal Futures has learned. However, it will in future accept complaints from prospective clients, while the limit for compensation will rise from £30,000 to £50,000
Tags: bar standards board, complaints, Council for Licensed Conveyancers, Law Society, Legal Ombudsman, LeO, Office for Legal Complaints, Solicitors Regulation Authority
Posted in Latest news, Legal Ombudsman
Niche corporate firm and conveyancing arm of property MDP become latest ABSs
Monday, 5 November 2012A West Midlands corporate transactions law firm that has advised on deals worth more than £20bn has become an alternative business structure, as has a practice working within a leading Bristol property services group.
Tags: ABS, Alternative business structures, Council for Licensed Conveyancers, MDP, multi-disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Blog
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.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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