Tag Results
SRA survey: OFR confusion for many firms – and their compliance officers
Tuesday, 19 February 2013Nearly half of solicitors’ firms are not clear what regulatory outcomes they are expected to deliver, a survey on outcomes-focused regulation (OFR) has found – despite more than four out five people questioned being those responsible for ensuring compliance.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Legal Services Board presses SRA not to shackle law firms and ABSs delivering non-reserved work
Monday, 18 February 2013The rule which prevents solicitors and alternative business structures from hiving off non-reserved legal work into unregulated businesses risks making legal services more expensive, distorting competition and preventing innovation, the Legal Services Board has warned.
Tags: Legal Services Board, reserved legal activities, separate business rule, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Board, Solicitors
Law Society warns of “significant risks” if foreign lawyers are passported into partnerships
Monday, 18 February 2013The Solicitors Regulation Authority’s red-tape challenge could introduce “significant risks” if registered foreign lawyers are automatically allowed to become the owners and managers of smaller firms, the Law Society has warned.
Tags: Law Society, Solicitors Regulation Authority, SRA Handbook
Posted in Latest news, Solicitors
The politics of will-writing
Monday, 18 February 2013It’s not like the Legal Services Board (LSB) to spring a surprise, but its announcement last week that it was not going to recommend that estate administration become a reserved legal activity – while pushing ahead with will-writing – certainly was one. My initial reaction, along with many of those reported on Legal Futures last week, was one of bafflement. Surely of the three elements of the process – will writing, probate and estate administration – it is the latter where the highest risk of fraud occurs and thus where regulation is most needed. Instead the first two will be. I understand that it was a real knife-edge decision by the LSB, and on reflection I think I agree with it.
Tags: activity based regulation, Law Society, Legal Services Board, Solicitors Regulation Authority, will-writing
Posted in Blog
CILEx and CLC confirm bids to become will-writer regulators
Friday, 15 February 2013The Chartered Institute of Legal Executives and Council for Licensed Conveyancers have thrown their hats into the ring to regulate will-writers, amid further criticism of the Legal Services Board’s decision not to extend regulation to estate administration.
Tags: Chartered Institute of Legal Executives, CILEX, Council for Licensed Conveyancers, ILEX Professional Standards, Institute of Professional Will-writers, Legal Services Board, Solicitors Regulation Authority, will-writing
Posted in Latest news, Legal Executives, Legal Services Board, Other lawyers
SRA: evidence contradicts “popular myth” that conveyancing is low-value work
Thursday, 14 February 2013The “popular myth” that conveyancing is low value is not borne out by the evidence, the Solicitors Regulation Authority has found. But property work is continuing to cause the regulator problems, with stamp duty land tax schemes and ‘right to buy’ negligence litigation firmly on its radar.
Tags: conveyancing, conveyancing quality scheme, CQS, Lexcel, mortgage fraud, Solicitors Compensation Fund, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority, stamp duty land tax
Posted in Latest news, Solicitors
LSB formally requests government to regulate will-writing – but not estate administration
Wednesday, 13 February 2013The Legal Services Board (LSB) will today formally recommend to the Lord Chancellor that will-writing – but not estate administration – should be regulated legal work. The LSB had initially intended to include estate administration.
Tags: Council for Licensed Conveyancers, estate administration, ILEX Professional Standards, Institute of Professional Will-writers, Legal Services Act, Legal Services Board, Solicitors Regulation Authority, will-writing
Posted in Latest news, Legal Executives, Legal Services Board, Other lawyers, Solicitors
London-based Italian lawyers sanctioned over volume overseas conveyancing
Friday, 8 February 2013The Solicitors Disciplinary Tribunal (SDT) has ruled that three Italian lawyers based in London committed a host of accounting irregularities while acting for clients in overseas property deals.
Tags: conveyancing, Solicitors Accounts Rules, Solicitors Code of Conduct, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Accounts rules, Latest news, Solicitors
Law Society hits out at SRA plans for whistleblower deals
Wednesday, 6 February 2013The Solicitors Regulation Authority’s proposed whistleblowing policy could undermine the role of compliance officers, fail to work because of mistrust by lawyers, and clash with solicitors’ ethical duties, according to the Law Society.
Tags: Law Society, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Heads of chambers unite against QASA as criminal Bar bids to build alliance
Monday, 4 February 2013The meeting of heads of chambers on the South Eastern Circuit last week ended in unanimous opposition to the Quality Assurance Scheme for Advocates (QASA) in its current form, it has emerged.
Tags: bar standards board, ILEX Professional Standards, QASA, Quality Assurance Scheme for Advocates, Solicitors Regulation Authority
Posted in Barristers, Latest news, Legal Executives, Solicitors