Tag Results
Circuits call heads of chambers meetings to consider QASA boycott
Friday, 18 January 2013The six circuits have each called meetings of heads of chambers to discuss whether to boycott the Quality Assurance Scheme for Advocates (QASA), it has emerged. The leader of the south-eastern circuit said two aspects of QASA remain “entirely objectionable”.
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, Solicitors
The SRA’s trust exercise
Wednesday, 16 January 2013The Solicitors Regulation Authority has been celebrating the first year of its ABS licensing regime. It is not just a numbers game, but with 74 licences granted in that time and 300-odd still inching their way through the application process, it perhaps hasn’t necessarily been quite as glorious a first year as the SRA is making out – another way of looking at it is that there is a large backlog – but it has certainly been interesting given the range of approvals.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, practising certificate, Solicitors Regulation Authority
Posted in Blog
Over 300 ABS applications waiting in the wings, says SRA
Monday, 14 January 2013More than 450 firms have started the alternative business structure application process over the past year, the Solicitors Regulation Authority has revealed. Having started accepting applications on 3 January 2012, the SRA said that 454 firms have since started the process.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news
Final Legal Education and Training Review report delayed
Monday, 14 January 2013Completion of the much-anticipated Legal Education and Training Review has been delayed, it has emerged. The academic team compiling the report after 18 months of research and consultation was meant to have delivered it by the end of 2012.
Tags: bar standards board, ILEX Professional Standards, legal education and training review, LETR, Solicitors Regulation Authority
Posted in Barristers, Latest news, Legal Executives, Solicitors
Does the SRA practise what it preaches over OFR?
Thursday, 10 January 2013An outcomes-focused, risk-based approach to regulating the activities of most lawyers who deliver legal services in a post-Legal Services Act landscape is a fact of life. Yet you still don’t have to go far to find solicitors who either fail to grasp the concept or hanker after the old, detailed rules-based system. The degree of non-acceptance is profound, more than a year after outcomes-focused regulation came in – in October 2011. So persistent is it that the SRA may be relying on the insertion of compliance officers for legal practice and financial administration (COLPs and COFAs) into the fabric of every firm to help change attitudes.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Blog
SRA and claims regulator dismiss Law Society speculation of referral fee ban “difficulty”
Wednesday, 9 January 2013The Solicitors Regulation Authority and the Claims Management Regulator have dismissed a Law Society suggestion that they will not be ready to implement the referral fee ban on 1 April. The society said there was a possibility the pair “may have some difficulty” in doing so.
Tags: claims management companies, claims management regulator, Law Society, referral fees, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA mulls making firms that want to hold client money seek permission
Tuesday, 8 January 2013The Solicitors Regulation Authority giving solicitors positive permission to hold client money is one of the options it will consider as part of the review of conveyancing, it has emerged. It has also expressed concern about mortgage lenders using solicitors as an insurance policy against problems.
Tags: conveyancing, conveyancing quality scheme, CQS, Solicitors Regulation Authority
Posted in Accounts rules, Latest news, Solicitors
Cherie Booth’s international government consultancy wins ABS licence
Monday, 7 January 2013An international boutique legal consultancy headed by Cherie Booth QC, which advises governments on strategy, has received an alternative business structure licence from the Solicitors Regulation Authority. Omnia Strategy hit the headlines last year when it was reported to be advising the government of Bahrain.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news
SRA drops ‘group licensing’ approach for firms operating overseas
Thursday, 3 January 2013The Solicitors Regulation Authority (SRA) has abandoned plans to impose a group-wide approach to the regulation of firms which engage in activities overseas as it launched a second consultation on amending the SRA Handbook in relation to international practice.
Tags: international practice, Solicitors Regulation Authority, SRA Handbook
Posted in Latest news, Solicitors
Brilliant ABS start-up goes live, while debt recovery firm targets legal work
Wednesday, 2 January 2013Brilliant Law has become what it says is “the first true pure bred alternative business structure (ABS) start-up” and is offering to help other ABS applicants on a fixed-price basis. Meanwhile, a debt recovery business has received an ABS licence so that it can now offer the associated legal work.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors