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Government offers limited LASPO concessions as ATE insurers go on the attack
Thursday, 1 March 2012The government yesterday offered a limited concession on the Legal Aid, Sentencing and Punishment of Offenders Bill as a coalition of 10 leading after-the-event insurers accused the government of ignoring the industry during the formulation of its policy.
Tags: ATE insurance, clinical negligence, Law Society, legal aid, Legal Aid Sentencing and Punishment of Offenders Bill, personal injury
Posted in Latest news
Tea and sympathy for the SRA?
Monday, 27 February 2012Hands up who feels sorry for the SRA. You at the back? Anyone? Just a smidgen of sympathy? I thought not – that certainly reflects what I hear from solicitors as I go out and about. The possibility of finding practitioners who might have been minded to give their regulator the benefit of the doubt has been extinguished by the practising certificate renewal fiasco. The Law Society has a long history of mucking up IT projects.
Tags: Law Society, practising certificate, Solicitors Regulation Authority
Posted in Blog
SRA set to delay COLP and COFA deadline
Monday, 27 February 2012The 31 March deadline for law firms to nominate their new compliance officers is to be pushed back as a result of the continuing practising certificate renewal problems at the Solicitors Regulation Authority.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, internal governance rules, Law Society, Legal Services Board, practising certificate, Solicitors Regulation Authority
Posted in Latest news, Solicitors
News round-up: SRA caution over HSBC undertaking, slowdown in law firm closures, and much more
Thursday, 9 February 2012Our latest news round-up cover the SRA’s view of HSBC’s conveyancing undertaking, a fall in the number of firms closing ahead of PII renewal, a warning over merger failures, the Co-op seeking legal apprentices, and key appointments at Irwin Mitchell, the Law Society and CIPA.
Tags: ABS, Alternative business structures, assigned risks pool, Chartered Institute of Legal Executives, Chartered Institute of Patent Attorneys, Co-op, conveyancing, Law Society, mergers, professional indemnity insurance, Solicitors Regulation Authority
Posted in Latest news, News In Brief
Law Society and SRA join forces to fight £50m indemnity insurance case
Wednesday, 18 January 2012The Law Society and Solicitors Regulation Authority have been granted leave to intervene in a High Court case on whether professional indemnity insurers should be able to effectively cap cover by aggregating claims against a firm – with a bill of £50m at stake.
Tags: Law Society, professional indemnity insurance, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Solicitors
The drama taking place under our noses
Wednesday, 11 January 2012The Law Society, in my experience, is rather good at making things complicated. For evidence, look no further than the new internal governance arrangements which received lukewarm support from the Legal Services Board shortly before Christmas. This may seem like a dry and esoteric issue to most. Virtually everyone, in fact, which is why pretty much nobody else seems to write about or comment on it. They are wrong.
Tags: internal governance rules, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Blog
Law Society calls for new approach to sharing ARP liabilities so that solicitors are not left to pick up tab
Friday, 6 January 2012Solicitors and insurers should share equally any exposure to the assigned risks pool in the 2012-13 indemnity year to ensure insurers have “skin in the game”, the Law Society is to urge. However, the profession’s liability could still reach £30m.
Tags: assigned risks pool, Law Society, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Solicitors
News in brief: £1m anti-Jackson ad campaign, Law Society enters The Cube, and more
Tuesday, 3 January 2012Our round-up of other significant news stories includes a law firm using its new PI advertising campaign to highlight its opposition to the Jackson reforms, and the Law Society/SRA moving into swish new Birmingham offices.
Tags: Chartered Institute of Patent Attorneys, Institute of Trade Mark Attorneys, IPReg, Jackson report, Law Society, Legal Aid Sentencing and Punishment of Offenders Bill, Solicitors Regulation Authority
Posted in Latest news, News In Brief, Other lawyers, Solicitors
LSB puts Law Society on report after SRA complains about independence threat
Tuesday, 20 December 2011The Legal Services Board has activated statutory powers that require the Law Society to provide monthly reports on whether it is complying with rules that are meant to ensure the independence of the Solicitors Regulation Authority.
Tags: internal governance rules, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Solicitors
Law Society targets BTE test case as competition watchdog seeks action over way legal cover is sold
Thursday, 15 December 2011The Law Society is targeting a fresh attack on before-the-event legal expenses insurers by seeking out a test case that aims to loosen their grip on policyholders’ choice of solicitor, it has emerged. The news comes as the Office of Fair Trading called for improvements in the way insurers sell the product.
Tags: Financial Services Authority, Law Society, legal expenses insurance, Office of Fair Trading
Posted in News