Tag Results

The Legal Services Board is likely to survive the government’s triennial review of its functions largely unscathed, despite a series of attacks from those it oversees, it has emerged.

The Legal Services Board has called on the government to support a bid by the Solicitors Regulation Authority for a massive increase in the amount it can fine law firms. The SRA wants to increase its power to fine law firms from £2,000 to £250m, and to £50m for individuals.

The third edition of the SRA Handbook in just seven months has gone live after being approved by the Legal Services Board. A fourth edition in less than a year since the Handbook went live on 6 October 2011 should be necessary in June.

Four bodies have already put themselves forward to regulate will-writers following the Legal Services Board’s proposal that will-writing become a reserved legal activity, with all making their intentions clear at this week’s Legal Futures conference.

The Legal Services Board is to examine whether ‘general legal advice’ given to consumers should be regulated, it announced today, but has rejected the Solicitors Regulation Authority’s call for all solicitor-type services to be reserved.