Tag Results
SRA abandons indemnity cover cut this year after LSB warning
Tuesday, 19 August 2014The Legal Services Board (LSB) has extended the time it has given itself to decide on the proposed cut in the minimum indemnity cover limit for law firms from 10 October this year to 17 August 2015.
Tags: Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Act, Legal Services Board
SRA to investigate asylum advice after judges overturn convictions
Thursday, 14 August 2014The Solicitors Regulation Authority is to investigate the quality of legal advice provided to asylum seekers, in part because of concerns expressed by the Criminal Cases Review Commission, it has emerged.
Tags: asylum, immigration, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
QASA challenge could cost criminal barristers £215,000
Monday, 11 August 2014The Criminal Bar Association and circuits could face a £65,000 bill – nearly twice what they had hoped for – if their Court of Appeal bid to derail the Quality Assurance Scheme for Advocates (QASA) fails, it has emerged.
Tags: Criminal Bar Association, Legal Services Board, QASA, Quality Assurance Scheme for Advocates
Posted in Latest news
LSB extends time for indemnity decision
Thursday, 7 August 2014The Legal Services Board (LSB) has extended by up to two months the time it can take to decide whether to approve a cut in the minimum indemnity limit for law firms.
Tags: Indemnity insurance, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Act, Legal Services Board, Regulation, Solicitors
CML warns of “fast and potentially drastic action” if indemnity limit is cut
Wednesday, 6 August 2014The Council of Mortgage Lenders (CML) has warned that cutting the minimum indemnity limit for law firms could force lenders into taking “fast and potentially drastic action”.
Tags: Indemnity insurance, Legal Services Board
Posted in Latest news, Regulation, Solicitors
Rated insurers “may be reluctant” to offer lower indemnity limits
Wednesday, 6 August 2014Rated insurers may be reluctant to offer law firms indemnity limits as low as the £500,000 proposed by the Solicitors Regulation Authority (SRA), a leading insurance broker has warned.
Tags: Legal Services Board, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
Solicitors accused of “bullying” barristers into accepting contracts
Monday, 4 August 2014Solicitors have been accused of using “bullying” tactics to impose their own contractual terms on barristers.
Tags: bar standards board, cab rank rule, Legal Services Board
Posted in Barristers, Latest news, Regulation
SRA calls for evidence as indemnity deadline approaches
Monday, 4 August 2014The Solicitors Regulation Authority (SRA) has issued a call for evidence on its indemnity insurance reforms, as the Legal Services Board (LSB) continues its deliberations on whether or not to approve a cut in the minimum cover limit.
Tags: Indemnity insurance, Legal Services Board, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
LSB paves way for CLC to expand beyond conveyancing
Monday, 28 July 2014The statutory framework of the Council for Licensed Conveyancers (CLC) could be changed in a way that would potentially enable it to regulate all reserved legal activities, under plans outlined by the Legal Services Board (LSB).
Tags: conveyancing, Council for Licensed Conveyancers, Legal Services Board, reserved legal activities
Posted in Latest news, Legal Services Act, Legal Services Board, Other lawyers, Regulation
Where now for legal regulation?
Thursday, 24 July 2014A direct consequence of the government’s decision in May not to make any major changes to the regulatory framework for legal services is that it simultaneously fired the starting gun for the race to introduce major changes to the regulatory framework for legal services.
Tags: Bar Council, bar standards board, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Blog