Tag Results
SRA independence still a concern as LSB keeps Law Society on report but eases demands
Tuesday, 2 October 2012The Legal Services Board yesterday expressed continuing concerns about the independence of the Solicitors Regulation Authority from the Law Society. This has led the LSB to issue a new statutory notice requiring the society to provide it with information.
Tags: internal governance rules, Law Society, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Solicitors
SRA throws weight behind global legal regulators' network
Monday, 1 October 2012Legal regulators from around the world have agreed to create an information-sharing network as a first step towards the eventual formation of a global regulators’ organisation.
Tags: Solicitors Regulation Authority
Posted in Latest news, Solicitors
Accountants attack bid to pull them into regulatory net for will-writing and estate work
Friday, 28 September 2012Accountants should be excluded from Legal Services Board plans to reserve will-writing and estate administration, their professional body has argued. Meanwhile, it is not yet clear whether the SRA will be allowed to regulate will-writers.
Tags: estate administration, ICAEW, Institute of Chartered Accountants, Law Society, Legal Services Board, Legal Services Consumer Panel, Solicitors Regulation Authority, will-writing
Posted in Latest news, Legal Services Board, Other lawyers
LSB: regulating will-writing and estate work will grow market and benefit solicitors
Thursday, 27 September 2012The reservation of will-writing and estate administration should boost the amount of work and allow existing providers such as solicitors to become more competitive, the Legal Services Board said today as it laid out how the regime will work.
Tags: Council for Licensed Conveyancers, estate administration, ILEX Professional Standards, Institute of Professional Will-writers, reserved legal activities, Solicitors Regulation Authority, will-writing
Posted in Latest news, Legal Executives, Legal Services Board, Other lawyers, Solicitors
Hundreds of firms face SRA enforcement action over COLP and COFA failure
Wednesday, 26 September 2012Hundreds of law firms that have yet to nominate their compliance officers could soon face enforcement action, the SRA has warned. Separately the SRA is to conduct visits to 100 random law firms to check on their compliance with equality and diversity rules, while more than 10,000 solicitors have registered their intention to join QASA.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, equality and diversity, QASA, Quality Assurance Scheme for Advocates, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Law Society urges SRA to hold the line on independent financial advice
Tuesday, 25 September 2012A Solicitors Regulation Authority proposal to scrap the ban on solicitors referring clients to tied financial advisers presents a “disproportionate risk” to both lawyers and clients, the Law Society has argued.
Tags: financial services, Financial Services Authority, Law Society, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Parabis chief calls on SRA to keep pace with ABS ambitions and not stymie innovation
Monday, 24 September 2012The operational end of the Solicitors Regulation Authority needs to keep pace with those at the top of the organisation who “embrace and encourage legal business innovation”, and not stymie the type of development the Legal Services Act is supposed to promote, the head of one of the major ABSs has said.
Tags: ABS, Alternative business structures, external investment, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news
LSB’s “open debate” on cost of regulation throws spotlight on practising fee split
Monday, 24 September 2012The possibility of the Law Society and other representative bodies being cut off from any of the money raised by practising fees has been raised by a Legal Services Board call for an “open debate on the cost of regulation”.
Tags: Law Society, Legal Services Board, Office for Legal Complaints, practising certificate fee, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Solicitors, Uncategorized
News in brief: SRA launches Hillsborough probe, two more ABSs, PC renewal timetable and more
Friday, 21 September 2012Our latest round-up of news you need to know includes the SRA launching an investigation into the conduct of solicitors after the Hillsborough disaster, the latest ABS licences, PC renewal details, and a bid to ensure high standards of complaints handling among conveyancers.
Tags: ABS, conveyancing, Legal Ombudsman, LeO, practising certificate, price comparison, professional indemnity insurance, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, News In Brief, Solicitors
How to win friends and influence people – aka The loneliness of the COLP
Thursday, 20 September 2012It’s often said that life’s not a popularity contest – which is probably just as well if you’re the compliance officer for legal practice (COLP) for your firm. As a lawyer, the best that can be said about your popularity rating with the general public is that it’s not as bad as estate agents or tax inspectors. The COLP role comes with the added distinction of being unpopular within your peer group. But your main crime against popularity is yet to come—from January 2013 you have to become head monitor and supergrass for your firm.
Tags: compliance officer for legal practice, Solicitors Regulation Authority
Posted in Blog