Tag Results
Exclusive: SRA and OFT stump up £60,000 to help fund LSB will-writing research
Wednesday, 3 November 2010The Solicitors Regulation Authority (SRA) and Office of Fair Trading (OFT) have each pledged around £30,000 to support the Legal Services Board’s (LSB) research into the will-writing market, Legal Futures can reveal. However, the Law Society has declined to contribute, citing concerns over the impact its involvement could have on how the impartiality of the research is viewed.
Tags: Law Society, Legal Services Board, Legal Services Consumer Panel, reserved legal activities, Solicitors Regulation Authority, will-writing
Posted in Consumer panel, Legal Services Board, News, Solicitors
Solicitors to bear vast bulk of LSB and Legal Ombudsman’s £25m annual running costs
Monday, 1 November 2010Solicitors are set to shoulder the vast majority of the Legal Services Board (LSB) and Legal Ombudsman’s (LeO) £25m annual running costs for the next three years at least, it emerged today. The LSB confirmed that it would proceed with its plan to levy its own £5m costs on the basis of the number of authorised persons overseen by each approved regulator, and most of LeO’s £20m costs based on the number of complaints generated by each group.
Tags: Bar Council, Barristers, Council for Licensed Conveyancers, Institute of Legal Executives, Law Society, Legal Executives, Legal Ombudsman, Legal Services Act, Legal Services Board, Master of the Faculties, Solicitors, Solicitors Regulation Authority
Posted in Barristers, Legal Executives, Legal Ombudsman, Legal Services Board, News, Other lawyers, Regulation, Solicitors
Ethics – remember them?
Thursday, 28 October 2010During my 12 years working on the Law Society Gazette, one got used to certain clichés. The plastic wrapper would come up a lot, but more than anything people would say how their favourite section was the one detailing solicitors being struck off – it was the same for me as a reader while a trainee solicitor. I felt strangely proud a few months back after recognising three people in one edition of the Gazette’s Solicitors Disciplinary Tribunal reports.
Tags: ethics, law degree, Legal Services Board, Solicitors Disciplinary Tribunal
Posted in Blog
Kenny backs aptitude testing and hits out at using ethics as “wall of exclusivity”
Thursday, 28 October 2010Legal Services Board chief executive Chris Kenny has spoken out in favour of the “holy grail” of diversity neutral aptitude testing across legal careers. Addressing a legal education conference at Harvard University in America – one of the first times the LSB has seriously addressed its role in legal education – Mr Kenny also hit out at lawyers who see their ethical training as creating “a wall of professional exclusivity”.
Tags: ethics, legal education, Legal Services Board
Posted in Alternative business structures, hrtraining, Legal Services Board, News
Edmonds calls for SRA flexibility on pre-ABS deals with investors to level playing field
Wednesday, 27 October 2010The chairman of the Legal Services Board has called on the Solicitors Regulation Authority (SRA) to be more flexible in its approach to law firms which are looking to do deals with external investors before alternative business structures (ABSs) become a reality on 6 October 2011. In a major speech, David Edmonds also suggested that the rules which prevent solicitors having unregulated separate businesses carrying out unreserved legal work are anti-competitive.
Tags: ABS, Alternative business structures, external investment, Legal Services Board, reserved legal activities, Solicitors Regulation Authority, SRA
Posted in Alternative business structures, Legal Services Board, Market monitor, News, Solicitors
Record number of solicitors struck off
Friday, 22 October 2010There has been a 47% jump in the number of solicitors struck off and the figure is now at its highest for over a decade, the Solicitors Disciplinary Tribunal has revealed. Some 84 solicitors were removed from the roll in the year to 30 April 2010, compared to 57 in the previous 12 months. It is the highest number since at least 1999, which is the furthest back Legal Futures has been able to trace.
Tags: dishonesty, Law Society, Legal Services Board, Solicitors Disciplinary Tribunal
Posted in News, Solicitors
SRA unveils new draft of Handbook to govern both law firms and ABSs from October 2011
Wednesday, 20 October 2010The updated draft of the single Handbook that will govern both traditional law firms and alternative business structures from October 2011 is being unveiled today by the Solicitors Regulation Authority (SRA). This is the last opportunity to comment on it. The latest stage in the SRA’s move to outcomes-focused regulation also includes a call for the Legal Services Board to extend the definition of reserved legal activities to cover all “solicitor activities”.
Tags: ABS, Alternative business structures, conflicts of interest, Legal Services Board, outcomes-focused regulation, reserved legal activities, Solicitors Code of Conduct, Solicitors Regulation Authority
Posted in Alternative business structures, Legal Services Board, News, Solicitors
Friends in high places
Monday, 18 October 2010The appointment of Nick Eastwell as the Solicitors Regulation Authority’s (SRA) first City law firm adviser is “the missing link” in its approach to the City, according to SRA board chairman Charles Plant (see story) – part of the SRA’s story of evolution, I guess. This is all well and good, I suppose, but is the SRA suffering from a huge shortage of advice on how to negotiate the issues around the City? Just look at how many City solicitors are on its board.
Tags: Legal Services Board, Solicitors Regulation Authority
Posted in Blog
Law Society strikes deal with LSB to expand SRA board and produce solicitor/lay parity
Monday, 18 October 2010The Law Society is to enlarge the board of the Solicitors Regulation Authority so as to introduce parity between the number of solicitor and lay members in a deal struck with the Legal Services Board. It follows a similar agreement between the LSB and Bar Standards Board, whose offer to introduce parity on the road to a lay majority has been accepted.
Tags: Bar Council, bar standards board, internal governance rules, Law Society, Legal Services Board, Solicitors Regulation Authority
Posted in Barristers, Legal Services Board, News, Solicitors
Edmonds: Citizens Advice faces conflict issue in becoming adviser to LSB
Sunday, 17 October 2010Plans to merge the Legal Services Consumer Panel into Citizens Advice will need to overcome issues around confidentiality and conflicts of interests as the charity is also a provider in the legal market, Legal Services Board chairman David Edmonds has warned.
Tags: Citizens Advice, Legal Services Board, Legal Services Consumer Panel
Posted in Consumer panel, Legal Services Board, News