Tag Results
ICAEW bids to regulate accountant-led ABSs on back of probate rights application
Thursday, 23 June 2011The Institute of Chartered Accountants in England and Wales (ICAEW) is investigating how it can license accountancy firms to become alternative business structures and provide legal advice to clients, Legal Futures can reveal. The ICAEW is set first to apply for the right to regulate its members to provide reserved probate activities.
Tags: ABS, accountants, Alternative business structures, ICAEW, Institute of Chartered Accountants, probate
Posted in Alternative business structures, Legal Services Board, Market monitor, News
PC fee to fall as SRA takes steps to ensure ABSs cannot “manipulate” turnover
Tuesday, 31 May 2011The practising certificate fee is set to fall by 16.7% to £350 in the coming year, it has emerged. The news comes as the Solicitors Regulation Authority should tomorrow approve provisions that will allow it to amend an alternative business structure’s turnover figure – upon which the SRA’s fees will be based – if it feels the number does not reflect the true value of the legal services provided.
Tags: ABS, Alternative business structures, Institute of Chartered Accountants, Law Society, practising certificate fee, Solicitors Regulation Authority
Posted in Alternative business structures, News, Solicitors
MDPs in the spotlight as 12 regulators and professional bodies agree oversight rules
Tuesday, 5 April 2011A memorandum of understanding between legal regulators and regulators and professional bodies in the financial, accountancy and property worlds whose members may be part of multi-disciplinary practices is close to agreement, it has emerged.
Tags: ABS, Alternative business structures, bar standards board, Council for Licensed Conveyancers, Financial Services Authority, ILEX Professional Standards, Institute of Chartered Accountants, IPReg, MDP, multi-disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Barristers, Legal Executives, News, Other lawyers, Regulation, Solicitors
Lawyers, accountants, surveyors and others join forces to promote the professions
Tuesday, 8 February 2011The Law Society and Bar Council are among a group of professional bodies which are coming together to improve public and stakeholder appreciation of the contribution made by professionals to society, Legal Futures can reveal. The group – called Professions 4 Good – is to make social mobility and fair access to the professions the priority issue for its initial campaign work when it formally launches in a few weeks’ time.
Tags: Bar Council, Institute of Chartered Accountants, Law Society
Posted in News
Court of Appeal: for Parliament, not courts, to extend legal professional privilege
Wednesday, 13 October 2010The Court of Appeal has today unanimously confirmed that legal professional privilege does not apply to any other professional except solicitors and barristers. It follows a case in which the Law Society and Institute of Chartered Accountants in England and Wales intervened on opposite sides.
Tags: Institute of Chartered Accountants, Law Society
Posted in Barristers, News, Solicitors
Accountants should “promote and extend” their ability to give legal advice
Monday, 11 October 2010Accountants should promote and extend their ability to give clients legal advice, and also have the right to conduct litigation and advocacy, the Institute of Chartered Accountants in England and Wales has said.
Tags: accountants, Institute of Chartered Accountants, reserved legal activities
Posted in Market monitor, News
Chartered accountants eye probate market
Thursday, 7 October 2010Chartered accountants are set to compete with lawyers for probate work after the Institute of Chartered Accountants in England and Wales (ICAEW) signalled its intention to apply for the right to undertake reserved probate work. An ICAEW survey of 2,500 small practices found that around a quarter were interested in offering the service.
Tags: accountants, Institute of Chartered Accountants, probate, reserved legal activities
Posted in Legal Services Board, Market monitor, News, Other lawyers
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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