Tag Results
Taking separation seriously: surveyors in country mansion set up ABS in coach house
Monday, 16 November 2015A firm of quantity surveyors, based in a country mansion in Warwickshire, is setting up an alternative business structure in the coach house. Solicitor Warren Berwick said clients needed a “clear distinction”.
Tags: Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Act
SRA shuts several law firms, with dishonesty allegations to the fore
Wednesday, 11 November 2015The Solicitors Regulation Authority has closed a host of law firms in recent weeks, including two London firms on the grounds of suspected dishonesty.
Tags: law firms, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Artistic ABS provides one-stop shop for creative clients
Friday, 6 November 2015Counterculture Partnership, a multi-disciplinary practice with one lawyer among 11 partners, has become an alternative business structure. Solicitor Keith Arrowsmith said clients liked the fact that it was an ABS and was under strict rules on confidentiality.
Tags: accountants, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Act
Young lawyers call for centralised assessment test for the LPC
Friday, 6 November 2015The Solicitors Regulation Authority should drop its plans for a centralised assessment test for would-be solicitors at the point of qualification and instead introduce a centralised test for the legal practice course, young lawyers have argued.
Tags: Education and training, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
SRA: clients may not need “detailed information” where work is referred to firms’ separate businesses
Thursday, 29 October 2015Clients may not need detailed information about separate businesses when work is referred to them by their law firm owners, the Solicitors Regulation Authority has said. The Legal Services Consumer Panel has warned that the new separate business rule could leave consumers in the dark.
Tags: Legal Services Consumer Panel, separate business rule, Solicitors Regulation Authority
Posted in Consumer panel, Latest news, Regulation, Solicitors
Latest council to head for ABS status highlights growth potential
Monday, 26 October 2015A local authority legal department which recently warned that council lawyers are being forced to set up alternative business structures by restrictive rules on in-house practice, has won backing to do just that. Essex Legal Services predicted that it could make an additional surplus of £1.8m by 2020.
Tags: Alternative business structures, local authorities, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Act
“Humble” SRA decides to grade itself as “undertaking improvement”
Thursday, 22 October 2015The Solicitors Regulation Authority (SRA) has decided not to grade itself as ‘good’ or ‘satisfactory’ in a self-assessment exercise for the Legal Services Board. Chief executive Paul Philip told a board meeting yesterday that the SRA had chosen to respond “in a humble way” rather than stressing its achievements.
Tags: Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Clients transferring risks to City solicitors could result in “law firm collapse”
Tuesday, 20 October 2015Increased risks accepted by commercial lawyers in an effort to please their clients could result in “law firm collapse”, a report for the Solicitors Regulation Authority has warned. Three-quarters of lawyers told researchers said they were “forced to accept more and more challenging terms of engagement with little room for discussion”.
Tags: commercial law, ethics, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Cyber criminals caused “substantial losses” to 50 law firms this year, SRA says
Friday, 16 October 2015Cyber criminals have caused “substantial losses” to 50 law firms this year, ranging from £50,000 to £2m, the Solicitors Regulation Authority has said. The regulator said a further 20 firms had fallen victim to email redirection scams.
Tags: Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Public takes a dimmer view of misconduct by senior solicitors than fellow professionals, research finds
Friday, 16 October 2015Members of the public would take a stricter line on senior solicitors who err in their private lives than would solicitors themselves, research has suggested. The public would also be kinder to young lawyers, according to the findings from the Solicitors Regulation Authority.
Tags: Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors