Tag Results
SRA: nearly half of firms began COLPs and COFAs process in first month
Friday, 6 July 2012Nearly half of all law firms have so far “engaged with the process” of appointing their COLPs and COFAs, the Solicitors Regulation Authority has revealed. Separately it laid out its imminent plans to survey every law firm about staff diversity.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, diversity, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Cost of practising as a solicitor to rise well above inflation
Friday, 6 July 2012The cost of practising as a solicitor will rise well above inflation this year, mainly to ensure the Law Society has the funds to compensate the victims of fraud, but also to make up the cost of IT project overruns.
Tags: ABS, Alternative business structures, Law Society, Legal Services Board, practising certificate fee, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in Latest news, Solicitors
LSB gets clean bill of health but idea of ‘super regulator’ remains on the horizon
Thursday, 5 July 2012The Legal Services Board and Office for Legal Complaints were today given a clean bill of health by the government, although it acknowledged that in the long term transforming the LSB into a ‘super regulator’ is an option.
Tags: ABS, Alternative business structures, bar standards board, Legal Ombudsman, Legal Services Act, Legal Services Board, Office for Legal Complaints, Solicitors Regulation Authority
Posted in Latest news, Legal Ombudsman, Legal Services Board
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
‘New generation’ comparison website receives investment backing for full launch
Thursday, 28 June 2012CompareLegalCosts.com, the ‘new generation’ comparison website that requires participating law firms and barristers to offer fixed fees, has announced a £500,000 investment in the full launch of the service next month.
Tags: fixed fees, Law Society, Legal Services Board, Legal Services Consumer Panel, price comparison
Posted in Latest news, Market monitor
Version 4 of Handbook goes live as SRA promises no further COLP/COFA delay
Friday, 22 June 2012The fourth edition of the SRA Handbook in less than 10 months was published yesterday. It includes the delay in the introduction of the compliance officer regime, and the SRA has guaranteed that there will be no further hold-ups.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, in-house lawyers, Legal Services Act, Legal Services Board, QASA, Quality Assurance Scheme for Advocates, Solicitors Regulation Authority, SRA Handbook
Posted in Latest news, Legal Services Board, Solicitors
Edmonds: LSB is interventionist and proud of it
Wednesday, 20 June 2012The role of the Legal Services Board is to get involved and intervene – not to sit, watch and react – its chairman said yesterday, hitting back at critics of its activism. David Edmonds said the phrase “oversight regulator” does not appear in the Legal Services Act.
Tags: Council for Licensed Conveyancers, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board
LSB calls on profession to engage with comparison websites and “will consider” accrediting them
Tuesday, 19 June 2012The Legal Services Board has urged regulators and professional bodies to engage with comparison websites for the benefit of consumers, including providing access to their registers, Legal Futures can reveal.
Tags: Legal Services Board, Legal Services Consumer Panel, price comparison
Posted in Consumer panel, Latest news, Legal Services Board, Marketing & PR
News in brief: Quindell targets CMC aggregation, “charitable referral fees”, solicitor ad wins TV award
Monday, 18 June 2012Our regular round-up of news snippets features another acquisition by ABS-in-waiting Quindell Portfolio, a solicitor’s TV ad winning a Royal Television Society award, a firm donating referral fees to charity, and ABS compensation fund arrangements.
Tags: claims management companies, Legal Services Board, referral fees, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Marketing & PR, News In Brief
Will-writers accused of mis-selling and conducting reserved legal work
Wednesday, 13 June 2012North East Trading Standards Association has joined forces with the Law Society to warn consumers about unregulated will-writers mis-selling wills and delivering reserved legal activities.
Tags: Law Society, Legal Services Board, reserved legal activities, will-writing
Posted in Latest 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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