Tag Results
Indemnity insurance meltdown fails to materialise
Thursday, 3 October 2013Predictions of a professional indemnity insurance apocalypse appear to have been well wide of the mark, with just 69 firms so far notifying the Solicitors Regulation Authority that they have triggered the new extended indemnity period.
Tags: professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Solicitors
Barrister turned doctors’ regulator named as next SRA chief executive
Tuesday, 1 October 2013Barrister Paul Philip has been appointed as the next chief executive of the Solicitors Regulation Authority. Mr Philip is presently deputy chief executive and chief operating officer of the General Medical Council, and will join the SRA on 1 February 2014.
Tags: Solicitors Regulation Authority
Posted in Latest news, Solicitors
Revealed: LSB legal director opposed approval of QASA
Thursday, 26 September 2013The legal director of the Legal Services Board disagreed with its decision to approve the Quality Assurance Scheme for Advocates because he wanted to ensure that the impact on judicial independence had been fully considered, it has emerged.
Tags: bar standards board, ILEX Professional Standards, Legal Services Board, QASA, Quality Assurance Scheme for Advocates, Solicitors Regulation Authority
Posted in Barristers, Latest news, Legal Executives, Legal Services Board, Solicitors
Revealed: the law firms that still don’t have a COLP or COFA in place
Monday, 23 September 2013More than a year on from the deadline for law firms to nominate their compliance officers for legal practice and for finance and administration, and 40 practices still remain without anyone in place, the Solicitors Regulation Authority has revealed.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Regulation Authority
Posted in Latest news, Solicitors
From the naive to the desperate: SRA reveals anatomy of failing law firms
Monday, 23 September 2013Misleading funders, inflating work-in-progress valuations and shortages in client account are among the common features of financially unstable firms that are currently under investigation by the Solicitors Regulation Authority, it has emerged.
Tags: financial stability, Solicitors Regulation Authority
Posted in Finance, Latest news, Solicitors
LSB chair calls on Law Society and SRA to stop “spats”
Friday, 20 September 2013The chairman of the Legal Services Board has criticised the “continuing spats” between the Law Society and Solicitors Regulation Authority. David Edmonds also praised the improvements made by the SRA to the process for licensing alternative business structures.
Tags: ABS, Alternative business structures, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Board, Solicitors
SRA puts 1,200 firms on financial stability watchlist – how many more will join them?
Thursday, 19 September 2013The Solicitors Regulation Authority now has 1,200 law firms on its financial stability watchlist, with more likely to join it shortly, it has emerged. It follows the recent request for financial data from 2,000 practices.
Tags: financial stability, Solicitors Regulation Authority
Posted in Finance, Latest news, Solicitors
BSB joins SRA in bid for structural independence
Wednesday, 18 September 2013The Bar Standards Board has made a bid for formal independence from the barristers it oversees – the second frontline regulator to use the Ministry of Justice’s review of legal services regulation to make the case.
Tags: Bar Council, bar standards board, Law Society, Solicitors Regulation Authority
Posted in Barristers, Latest news, Legal Services Board
Capita gears up for further expansion after Optima acquisition
Tuesday, 17 September 2013Capita, the outsourcing giant that yesterday announced plans to buy a law firm, remains on the acquisition trail and is also looking for a top-20 law firm to partner with, Legal Futures can report.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
BSB presses ahead with QASA preparations despite judicial review
Tuesday, 17 September 2013The Bar Standards Board has pledged to continue with preparations for the Quality Assurance Scheme for Advocates notwithstanding the judicial review against the scheme launched last week. Meanwhile, it has been criticised for its “mean” position over the costs of the JR.
Tags: bar standards board, ILEX Professional Standards, QASA, Quality Assurance Scheme for Advocates, Solicitors Regulation Authority
Posted in Barristers, Latest news, Legal Executives, Solicitors