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Revealed: Law Society and SRA at odds again over regulator’s budget
Wednesday, 5 December 2012The latest spat between the Law Society and Solicitors Regulation Authority (SRA) has been rumbling on over the latter’s budget for 2013, it has emerged. However, Legal Futures can reveal that the SRA is to reduce its budget by around £2m to £30.6m.
Tags: internal governance rules, 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
SRA independence still a concern as LSB keeps Law Society on report but eases demands
Tuesday, 2 October 2012The Legal Services Board yesterday expressed continuing concerns about the independence of the Solicitors Regulation Authority from the Law Society. This has led the LSB to issue a new statutory notice requiring the society to provide it with information.
Tags: internal governance rules, Law Society, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Solicitors
Fancy joining the SRA board? Recruitment starts to introduce lay majority for first time
Monday, 9 July 2012The introduction of a lay majority on the board of the Solicitors Regulation Authority moved a step closer yesterday after an advertisement for four new lay members and two solicitor members was published.
Tags: internal governance rules, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Law Society to be spared annual internal governance check – because it is bound to fail
Tuesday, 3 July 2012The Law Society will not be required to certify its compliance with the rules on internal governance because it is bound to fail the test, the Legal Services Board has decided. The board said the new governance arrangements are “somewhat fragile”.
Tags: internal governance rules, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Solicitors
SRA set to delay COLP and COFA regime to 2013
Wednesday, 16 May 2012The Solicitors Regulation Authority is set to delay the compliance officer regime, it has emerged. The scheme for compliance officers for legal practice (COLPs) and for finance and administration (COFAs) was due to go live on 1 November.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, internal governance rules, Law Society, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Edmonds comes out fighting in defence of LSB
Friday, 27 April 2012It is far too early to talk about winding down the Legal Services Board, its chairman has argued, while also criticising the Law Society and Bar Council for their failure to embrace independent regulation quickly enough.
Tags: ABS, Alternative business structures, diversity, internal governance rules, Legal Ombudsman, Legal Services Act, Legal Services Board, QASA, Quality Assurance Scheme for Advocates
Posted in Latest news, Legal Services Board
Putting the LSB back in its box
Wednesday, 4 April 2012If we are to judge the success of a regulator by the degree to which it really annoys those it regulates, then the Legal Services Board (LSB) has done an absolutely bang-up job these past three years. It is just over 12 months since I first blogged about whispers questioning the long-term need for the LSB once independent regulation, the Legal Ombudsman and alternative business structures were all up and running. Well, they are whispers no more.
Tags: Bar Council, bar standards board, internal governance rules, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Blog
Set the date to scrap the LSB, Bar regulator tells government
Wednesday, 4 April 2012The “end is in sight” for the Legal Services Board (LSB) and it can be abolished in about three years’ time, the Bar’s regulator has told the government. The Bar Council stopped short of this, but said the LSB should be reined in.
Tags: Bar Council, bar standards board, internal governance rules, Legal Services Act, Legal Services Board
Posted in Barristers, Consumer panel, Latest news, Legal Services Board
Law Society tells LSB: keep your tanks off our lawn
Friday, 16 March 2012The Law Society has warned the Legal Services Board that it is overstepping its role as an oversight body by trying to become a market regulator. The society said the board plans for the future suggested an “inappropriately proactive approach for an oversight regulator”.
Tags: ABS, Alternative business structures, internal governance rules, Law Society, Legal Ombudsman, Legal Services Board
Posted in Latest news, Legal Services Board, Solicitors
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The rise of the agent
We believe AI agents are going to represent the biggest change to the way in which the general public interact with professional services business for generations.
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.
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