Tag Results
ABS application bottleneck as just three make it through to decision phase in six months
Wednesday, 7 November 2012Just three alternative business structure applicants made it through to the decision phase over the past six months, with 167 still going through the application process, new figures from the Solicitors Regulation Authority have shown.
Tags: ABS, Alternative business structures, Solicitors Compensation Fund, Solicitors Regulation Authority, supervision
Posted in Alternative business structures, Latest news
Over 3,000 PC applications logged as SRA overcomes early teething problem
Tuesday, 6 November 2012The Solicitors Regulation Authority has insisted that its online practising certificate renewal system is working normally, despite a technical hitch occurring one day after the applications process opened last week.
Tags: Law Society, practising certificate, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Niche corporate firm and conveyancing arm of property MDP become latest ABSs
Monday, 5 November 2012A West Midlands corporate transactions law firm that has advised on deals worth more than £20bn has become an alternative business structure, as has a practice working within a leading Bristol property services group.
Tags: ABS, Alternative business structures, Council for Licensed Conveyancers, MDP, multi-disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
The commercial law firm that came in from the cold – newest ABS embraces regulation
Friday, 2 November 2012A business offering corporate and commercial legal services has entered into regulation by becoming the newest alternative business structure (ABS) licensed by the Solicitors Regulation Authority.
Tags: ABS, Alternative business structures, reserved legal activities, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Hopper puts the case against “overly aggressive” SRA
Thursday, 1 November 2012The Solicitors Regulation Authority is overly aggressive, unaccountable, and is failing to differentiate between deliberate dishonesty and human errors of judgement, according to leading regulatory solicitor Andrew Hopper QC.
Tags: Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA warns of “glitches” as PC renewal gets underway
Thursday, 1 November 2012The 2012 practising certificate renewal exercise has gone live today with an acknowledgement from the Solicitors Regulation Authority (SRA) that there will be “glitches”. Separately the SRA has published its long-awaited consultation on introducing a leniency scheme for law firm whistleblowers.
Tags: leniency scheme, practising certificate, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Exclusive: government rejects SRA bid to increase fining power from £2,000 to £250m
Wednesday, 31 October 2012The government has rejected the Solicitors Regulation Authority’s bid to increase the amount it can fine law firms from £2,000 to £250m, Legal Futures can reveal. The SRA had wanted its powers to penalise ‘traditional’ firms to match those it already has for ABSs.
Tags: ABS, Alternative business structures, Legal Services Board, referral fees, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA lays out plan to implement referral fee ban
Tuesday, 23 October 2012It will be for personal injury solicitors to convince the Solicitors Regulation Authority (SRA) that they are not paying referral fees once the ban comes into force, it emerged today as the SRA published its long-awaited consultation on how it will implement the ban.
Tags: ABS, Alternative business structures, claims management companies, CMC, marketing, personal injury, referral fees, Solicitors Regulation Authority
Posted in Latest news, Marketing & PR, Solicitors
Warning over “unbelievable” referral fee ban timetable that could leave firms just weeks to adapt
Monday, 22 October 2012Law firms may have just weeks to reorganise their business plans once a decision is made on enforcing the ban on referral fees in personal injury work, a leading practitioner has warned while branding the situation “unbelievable”.
Tags: referral fees, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Streamlined and quicker ABS licensing process on the way
Friday, 19 October 2012The Solicitors Regulation Authority is set to “streamline” the alternative business structure (ABS) application process, its chief executive has revealed after its approach and the time it takes were criticised at a high-profile event yesterday.
Tags: ABS, Alternative business structures, Legal Services Board, reserved legal activities, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Board, Solicitors