Tag Results
MPs tell insurers to improve referral fee transparency or face government action
Friday, 11 March 2011MPs today called on insurers to be much more transparent with policyholders about the “merry-go-round” of referral fees in their motor business – and for the government to step in if the industry fails to take action by the end of next year.
Tags: Legal Services Board, personal injury, referral fees
Posted in Legal Services Board, News, Solicitors
Government under fire for closing LSB, ombudsman and consumer panel websites
Thursday, 10 March 2011The Cabinet Office has refused to confirm whether it is going ahead with shutting down the websites of the Legal Services Board, Legal Ombudsman and Legal Services Consumer Panel after a strong attack in the House of Lords last night that claimed it threatens the independence of the legal profession.
Tags: Legal Ombudsman, Legal Services Board, Legal Services Consumer Panel, LeO
Posted in Consumer panel, Legal Ombudsman, Legal Services Board, News
News in brief: larger firms cool on ABS, LPO boost, women suffer on pay and more
Tuesday, 8 March 2011Our latest round-up of other news of interest to Legal Futures readers includes a survey of among larger firms about ABS intentions, a lay majority on the BSB, women lawyers convinced male colleagues are paid more, good news for a big LPO provider and much more.
Tags: ABS, Alternative business structures, bar standards board, equality and diversity, internal governance rules, legal process outsourcing, Legal Services Board, Legal Services Consumer Panel, LPO, professional indemnity insurance, Scotland, Technology
Posted in Barristers, Market monitor, News, News In Brief, Outsourcing, Solicitors
LSB grants first application to extend reach of reserved legal activities
Friday, 4 March 2011The Legal Services Board has for the first time granted an application to extend the reach of reserved legal activities, giving the Institute of Legal Executives the power to award the right to conduct litigation to associate prosecutors.
Tags: associate prosecutors, Crown Prosecution Service, ILEX, ILEX Professional Standards, Institute of Legal Executives, Legal Services Board, reserved legal activities
Posted in Legal Executives, Legal Services Board, News
Ombudsman criticises insurance exclusion approved by the LSB last year
Friday, 4 March 2011The Legal Ombudsman has criticised changes to the minimum terms and conditions for solicitors’ professional indemnity insurance that were approved by its parent Legal Services Board just last year.
Tags: Legal Ombudsman, Legal Services Board, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, Legal Ombudsman, Legal Services Board, News
Better the ABS devil you know?
Thursday, 3 March 2011“Better the devil you know” is the phrase I keep hearing on the subject of whether the Law Society council will approve the Solicitors Regulation Authority’s application to become an alternative business structure licensing authority.
Tags: ABS, Alternative business structures, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Blog
SRA will reject restrictions on its ability to regulate ABSs, says Townsend
Wednesday, 2 March 2011The Solicitors Regulation Authority will rebuff any efforts to restrict its ability to regulate alternative business structures (ABSs) that are 100% owned by non-lawyers, its chief executive has said. There are suggestions of a compromise on its ABS licensing application that would mean the SRA not regulating ABSs that are wholly externally owned, at least initially.
Tags: ABS, Alternative business structures, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Alternative business structures, Legal Services Board, News, Solicitors
Regulators letting down consumers over complaints, says LSB
Wednesday, 2 March 2011Frontline regulators are letting down consumers by failing to collect information on how lawyers are handling complaints, a review by the Legal Services Board has concluded. This would make it difficult for them “to identify systemic issues and adopt a targeted approach to regulation”.
Tags: bar standards board, complaints, complaints-handling, Legal Ombudsman, Legal Serivces Consumer Panel, Legal Services Board
Posted in Barristers, Client care, Legal Services Board, News, Regulation
Board hikes maximum ABS fine to £250m
Tuesday, 1 March 2011The maximum fine for misdemeanours by alternative business structures should be £250m, the Legal Services Board has decided, having considered the amounts of money made by some law firms out of miners’ compensation claims.
Tags: ABS, Alternative business structures, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Alternative business structures, Legal Services Board, News
Appeals decision threatens prospect of SRA becoming an ABS licensing authority
Sunday, 27 February 2011The Legal Services Board is pressing ahead with plans to make the new regulatory chamber of the First-tier Tribunal the sole venue for appeals against decisions made over ABSs, despite strong objections from solicitors. It is a move that could damage hopes that the Law Society council will next month approve the Solicitors Regulation Authority’s application to become an ABS licensing authority.
Tags: ABS, Alternative business structures, Law Society, Legal Services Board
Posted in Alternative business structures, Legal Services Board, News, Solicitors