Tag Results
LSB may call time on separate business rule over fears it could inhibit ABSs
Wednesday, 6 July 2011The rule which prevents solicitors and in the future alternative business structures (ABSs) from hiving off unreserved legal work into unregulated businesses may stifle new entrants to the market, the Legal Services Board has warned. The board is now considering a review of the rule’s “continuing relevance”.
Tags: ABS, Alternative business structures, Law Society, Legal Services Board, Legal Services Consumer Panel, Office of Fair Trading, separate business rule
Posted in Alternative business structures, Legal Services Board, News, Solicitors
Law Society rejects just eight firms from CQS as applicants top 1,000
Tuesday, 5 July 2011Just eight applicants to the Law Society’s Conveyancing Quality Scheme have been rejected, it has emerged. The number of applicants has now passed 1,000, of which 317 have so far been approved. But Law Society chief executive Des Hudson has told Legal Futures that the scheme’s credibility would not be judged on how many are rejected.
Tags: conveyancing quality scheme, CQS, Law Society
Posted in Client care, News
The Battle of LASPO, starring referral fees as the Trojan horse
Tuesday, 5 July 2011The Ministry of Justice seems in undue haste to push the Legal Aid, Sentencing and Punishment of Offenders Bill – snappily nicknamed LASPO – through the House of Commons. Having broken parliamentary convention by not allowing two weekends between presenting the bill to Parliament and the second reading last week, the government wanted it to start the committee stage today. However, after protests from the opposition, this will now begin next Tuesday.
Tags: Association of British Insurers, Jackson report, Law Society, legal aid, referral fees, Sentencing and Punishment of Offenders Bill
Posted in Blog
Client account interest safe as legal aid lawyers face £430m income cut
Tuesday, 21 June 2011The government today dropped the idea of creaming off interest from solicitors’ client accounts to offset the cost of legal aid. The decision will come as a small consolation to legal aid law firms, which the Ministry of Justice impact assessment says will earn, along with barristers, £430m less from legal aid than they do now.
Tags: client account interest, Jackson report, Law Society, legal aid
Posted in Accounts rules, News
Exclusive: LPC aptitude test offers “number of benefits”, says Law Society report
Monday, 20 June 2011There could be several benefits from using an aptitude test to exclude law students who are most likely to fail the legal practice course (LPC), according to a report for the Law Society. However, it said linking a test to the likelihood of gaining a training contract would be “more difficult” to justify.
Tags: Law Society, legal education, legal practice course
Posted in hrtraining, News
SRA receives green light to license ABSs
Thursday, 16 June 2011The Legal Services Board is to recommend to the Lord Chancellor that the Law Society – through the Solicitors Regulation Authority – become an alternative business structure licensing authority. However, there has been a disagreement over the separate business rule.
Tags: ABS, Alternative business structures, Law Society, Legal Services Board, Legal Services Consumer Panel, Office of Fair Trading, OFR, outcomes-focused regulation, separate business rule, Solicitors Regulation Authority
Posted in Alternative business structures, Legal Services Board, News, Solicitors
LSB to reduce levy on profession as Law Society reveals £57m surplus
Thursday, 16 June 2011The Legal Services Board is to reduce its funding call on the legal profession after coming in under-budget for the 2010/11 financial year. The news comes as the Law Society revealed a £57m surplus for 2010 and that chief executive Des Hudson enjoyed a 14% pay rise.
Tags: Law Society, Legal Services Board
Posted in Legal Services Board, News, Solicitors
“Significant risks” to solicitors under Bribery Act, Law Society warns
Friday, 10 June 2011There are “significant risks” for law firms offering gifts, entertainment and to pay for expenses as a result of the Bribery Act 2010, the Law Society has warned. While referral fees should not fall foul of the Act, solicitors need to be aware of whether their introducers are behaving in a way that might.
Tags: Law Society, referral fees
Posted in News, Solicitors
Government assessment of Jackson impact “given red card” by key committee
Wednesday, 8 June 2011The Ministry of Justice’s impact assessments (IAs) accompanying its Jackson implementation plan have been branded “not fit for purpose” by the government-appointed committee that vets them, it has been claimed.
Tags: Jackson report, Law Society, personal injury
Posted in News
Moorhead: Law Society wrong to say there is no evidence of poor-quality advocacy
Tuesday, 7 June 2011The Law Society is wrong to suggest there is no evidence of a quality problem in criminal advocacy – according to one of the academics who produced it. Professor Richard Moorhead said there were failures “unparalleled in any assessment of lawyer quality in which I have been involved”.
Tags: advocacy, Law Society, QAA, QASA, Quality Assurance Scheme for Advocates
Posted in News, Solicitors