Tag Results
SRA set to end annual ‘keeping of the roll’ exercise
Tuesday, 16 September 2014The Solicitors Regulation Authority is set to press ahead with plans to stop the annual exercise of checking whether non-practising solicitors want to stay on the roll, despite strong opposition from the Law Society.
Tags: practising certificate, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Pitt cools talk of single regulator as he bids to build reform consensus
Monday, 15 September 2014In his first interview since taking over as chairman of the Legal Services Board, Sir Michael Pitt has cooled talk of a single regulator for all legal services. Sir Michael also praised the Solicitors Regulation Authority for its current programme of reform.
Tags: Legal Services Act, Legal Services Board, Single regulator, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Regulation, Solicitors
High Court judge: law firms bringing “meritless” judicial reviews will be referred to SRA
Thursday, 11 September 2014Solicitors who bring “meritless” immigration judicial reviews could be referred to the Solicitors Regulation Authority (SRA) even on the first occasion, a High Court judge has warned.
Tags: High Court, immigration, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
First sanction for firm that failed to close after extended indemnity period
Thursday, 11 September 2014The Solicitors Regulation Authority (SRA) has published its first decision fining a law firm for not closing down properly after failure to secure indemnity cover by the end of the extended policy period (EPP).
Tags: extended policy period, Indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
SRA stands firm on indemnity cover cut
Tuesday, 9 September 2014The Solicitors Regulation Authority (SRA) has hit back at criticism from the Legal Services Board (LSB) over its plans to cut the minimum compulsory cover for law firms from £2m to £500,000.
Tags: Indemnity insurance, Legal Services Board, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
SRA joins National Crime Agency in crackdown on solicitor money laundering
Monday, 8 September 2014The Solicitors Regulation Authority (SRA) is launching a crackdown on money laundering today, in conjunction with the National Crime Agency (NCA).
Tags: fraud, money laundering, National Crime Agency, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
SRA mulls scrapping COLP/COFA regime for small firms
Thursday, 4 September 2014The Solicitors Regulation Authority (SRA) is to review whether the requirement for small law firms to have compliance officers is “overkill”, it emerged today.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, MDP, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Barnett: QC must investigate my case before it gets to tribunal
Tuesday, 2 September 2014Richard Barnett, former chair of the Law Society’s land law and conveyancing committee, has called for an independent QC to investigate disciplinary allegations against him before his case reaches the Solicitors Disciplinary Tribunal (SDT).
Tags: conveyancing, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Former Law Society conveyancing chief to face disciplinary tribunal
Friday, 29 August 2014Richard Barnett, former chair of the Law Society’s land law and conveyancing committee, has been referred to the Solicitors Disciplinary Tribunal (SDT).
Tags: Law Society, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Compensation fund faces £2.5m bill for uninsured law firms
Wednesday, 27 August 2014The Solicitors Regulation Authority expects its compensation fund to have to pay out up to £2.5m in the next practising year to cover the cost of negligence claims against uninsured law firms, it has emerged.
Tags: compensation fund, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
Blog
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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