Tag Results
SRA postpones introduction of third-party alternative to client account
Thursday, 10 September 2015The introduction of third-party managed accounts as an alternative to traditional client accounts will be postponed by at least a year to the end of 2016, the Solicitors Regulation Authority board decided yesterday. However, the board approved a mixed bag of deregulatory rule changes on other issues.
Tags: Alternative business structures, Solicitors Regulation Authority, third-party accounts
Posted in Latest news, Regulation, Solicitors
SRA hits back after Law Society attack on indemnity reforms
Thursday, 10 September 2015Paul Philip, chief executive of the Solicitors Regulation Authority, has hit back after the SRA’s latest indemnity insurance plans were fiercely criticised by the Law Society. He said the regulator had made “absolutely no new recommendations”.
Tags: Indemnity insurance, Law Society, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
Rural demand for one-stop shop leads accountants to become ABS
Friday, 28 August 2015A firm of accountants based in rural East Anglia has become an alternative business structure regulated by the Solicitors Regulation Authority. Churchgate Accountants said the move was in response to demand from clients, including farmers.
Tags: accountants, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Act, Market monitor
SDT strikes out case against solicitors after SRA failures make fair trial “impossible”
Thursday, 27 August 2015The Solicitors Disciplinary Tribunal has taken the highly unusual step of striking out for abuse of process the prosecution of five solicitors, after finding that the actions of the Solicitors Regulation Authority had made it impossible for them to have a fair trial.
Tags: Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Bottom of the class: 15% of solicitors failed to do their minimum CPD hours last year
Thursday, 27 August 2015An online poll of 900 solicitors by the Law Society has revealed that 15% failed to do 16 hours of continuing professional development (CPD) last year – the minimum required. The poll found that 17% had already moved to the new hours-free ‘continuing competence’ regime.
Tags: CPD, Law Society, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
“Fundamentally decent” partner broke rules to keep firm afloat while waiting for legal aid payments
Wednesday, 26 August 2015A former president of Bolton Law Society, described by the Solicitors Disciplinary Tribunal as a “fundamentally decent man”, made 61 improper transfers from client account and used a personal credit card to keep his firm afloat. He is now working as a paralegal for the deputy vice-president of the national Law Society.
Tags: legal aid, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Solicitor who fled country after SRA began investigation struck off
Tuesday, 25 August 2015A solicitor who absconded the day after the Solicitors Regulation Authority began investigating his firm has been struck off in his absence for overbilling and for taking money from client accounts. One of his partners said his behaviour changed once the investigation started.
Tags: Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Solicitors
PC fee does not represent value for money, solicitors tell Law Society
Monday, 24 August 2015The vast majority of solicitors who responded to a Law Society survey on the practising certificate fee said they thought it did not represent value for money. Many said the Law Society should get a bigger share and the Solicitors Regulation Authority a smaller one.
Tags: Law Society, PC fee, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Law Society told to disclose letters about ‘Harry Potter solicitor’
Monday, 24 August 2015The Law Society has been told by its freedom of information adjudicator to disclose letters and reports involving the Solicitors Regulation Authority and the charity run by Alan Blacker, the solicitor also known as Lord Harley, Legal Futures understands.
Tags: freedom of information, Law Society, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
“Disgraceful” solicitor who used client account cash to keep firm afloat struck off
Wednesday, 19 August 2015A solicitor who withdrew money more than 150 times from client accounts so as to keep his firm afloat has been struck off for his “disgraceful” behaviour. In mitigation, the Solicitors Disciplinary Tribunal was told that the solicitor had “treated his practice as his family”.
Tags: Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Solicitors