Tag Results
ICAEW: legal professional privilege creates “serious distortion” in market
Wednesday, 17 February 2016The presence of legal professional privilege creates a “serious distortion to the competitive environment” of the legal services market, the Institute of Chartered Accountants in England and Wales has argued. The ICAEW said some law firms marketed themselves on the basis that their advice was confiential.
Tags: accountants, ICAEW
Posted in Latest news, Legal Services Act, Regulation
Accountants attack banks and insurers over probate “discrimination”
Thursday, 11 February 2016The Institute of Chartered Accountants in England and Wales has accused banks, insurance companies and others of discriminating against accountants providing probate services, in favour of solicitors. It said various organisations “appeared not to have caught up with the consequences of the Legal Services Act”.
Tags: accountants, ICAEW, Legal Services Act
Posted in Alternative business structures, Latest news, Legal Services Act, Regulation
ICAEW’s alternative business structure licences hit 100
Wednesday, 28 October 2015The number of alternative business structures licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) has hit 100, it has emerged. A further 47 firms have been authorised to provide probate services.
Tags: accountants, Alternative business structures, ICAEW
Posted in Alternative business structures, Latest news, Legal Services Act
Accountants recruit solicitor to head new regulatory arm
Thursday, 22 October 2015Michael Caplan QC, one of the few solicitor QCs and a partner at Kingsley Napley for over 30 years, has been recruited by the Institute of Chartered Accountants in England and Wales to head its new regulatory board.
Tags: accountants, Alternative business structures, ICAEW
Posted in Latest news, Regulation
Number of probate firms approved by ICAEW tops 100
Friday, 17 July 2015The number of accountancy firms authorised or licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) to provide probate services has passed 100. The ICAEW has predicted that it will reach 200 by the end of the year.
Tags: ABS, accountants, Alternative business structures, ICAEW, probate
Posted in Alternative business structures, Latest news, Legal Services Act
Second time lucky for top accountants after “hell” of dealing with SRA over ABS bid
Wednesday, 29 April 2015Sir Michael Snyder, senior partner of top 20 accountants Kingston Smith, has welcomed a change of approach to multi-disciplinary practices at the Solicitors Regulation Authority after describing the “sheer hell” of the firm’s first attempt to become an alternative business structure.
Tags: ABS, accountants, Alternative business structures, ICAEW, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
ICAEW licenses 48 ABSs in first six months as probate regulator
Tuesday, 21 April 2015The Institute of Chartered Accountants in England and Wales (ICAEW) has licensed 48 alternative business structures to carry out probate work in its first six months as regulator, it has emerged.
Tags: accountants, ICAEW
Posted in Alternative business structures, Latest news, Regulation
SRA seeks further ways to cut burden of 5,000 qualified accountants’ reports
Thursday, 20 November 2014The Solicitors Regulation Authority is proposing to cut further the number of law firms required to submit annual accountants’ reports, setting out a revised set of criteria for accountants to decide whether reports should be qualified.
Tags: accounts rules, ICAEW, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Groundbreaking accountancy ABS targets broader range of legal services
Monday, 27 October 2014The first firm of accountants to become an alternative business structure (ABS) licensed by its own regulator is planning to extend the range of legal services it offers, its senior partner has revealed.
Tags: ABS, accountants, Alternative business structures, ICAEW
Posted in Alternative business structures, Latest news, Market monitor
ICAEW authorises first non-ABS firm to carry out probate work
Wednesday, 22 October 2014The Institute of Chartered Accountants in England and Wales (ICAEW) has authorised the first non-ABS accountancy firm to carry out probate work.
Tags: accountants, Alternative business structures, ICAEW, probate
Posted in Latest news, Legal Services Act, Regulation
Blog
The FCA is trying to get to grips with motor finance mis-selling
The FCA will be urging the Supreme Court to move as quickly as possible in relation to a key ruling on motor finance. The regulator is taking an active approach to this important issue.
Embracing AI: The future of law firms
AI is set to fundamentally change how law firms operate, bringing about new efficiencies, enhancing strategic insights, and ultimately transforming the way legal services are delivered.
CMA guidance on unregulated legal services must be applauded but…
There is little doubt that, with a staggering 3,800 unregulated providers of such legal services, the recent CMA action and guidance was required.
Reports
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