Tag Results
PC renewal will start on 1 November, Law Society promises
Tuesday, 18 September 2012The Law Society yesterday usurped the Solicitors Regulation Authority plans to announce details of this year’s practising certificate renewal exercise. The 2011 renewal exercise was dogged by delays and IT problems.
Tags: Law Society, practising certificate, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Will-writer eyes conveyancing opportunity after receiving ABS licence, while IFA plans MDP
Wednesday, 12 September 2012A will-writer is planning to use his new alternative business structure (ABS) licence to expand into the conveyancing market, Legal Futures can report. Further, an IFA is planning a specialist multi-disciplinary ABS with a law firm focusing on the over-55s.
Tags: ABS, Alternative business structures, conveyancing, Council for Licensed Conveyancers, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor, Other lawyers
Mortgage fraud inquiry delays SRA’s draft conveyancing strategy further
Tuesday, 11 September 2012The Solicitors Regulation Authority is to review efforts to combat mortgage fraud, a move that will push back final approval of its draft conveyancing strategy to 2014 – more than two years later than first planned.
Tags: conveyancing, mortgage fraud, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA cedes handling of insolvency complaints
Monday, 10 September 2012The Solicitors Regulation Authority (SRA) has brought in the Insolvency Practitioners Association (IPA) to handle complaints against solicitor insolvency practitioners. It follows criticism by the Insolvency Service of the SRA.
Tags: complaints-handling, insolvency, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA reaches out to firms posing financial stability risk
Friday, 7 September 2012All law firms judged to present a risk of financial instability are to be contacted by the Solicitors Regulation Authority by the end of this month, Legal Futures can reveal. However, it is urging firms facing financial difficulty to overcome their mistrust and contact them early.
Tags: Solicitors Regulation Authority, supervision
Posted in Finance, Latest news, Solicitors
Conveyancers and PI firm named latest ABSs
Thursday, 6 September 2012The residential conveyancing department of a Leicester law practice has left the firm to become an alternative business structure, while a sole practitioner targeting lender panels and a personal injury practice in Cheshire have also gained licences.
Tags: ABS, Alternative business structures, conveyancing, Council for Licensed Conveyancers, personal injury, referral fees, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Compliance officer failures bolster SRA bid for automatic fining powers
Thursday, 6 September 2012The Solicitors Regulation Authority is to seek powers to levy automatic fines for breaches of its rules to avoid a repeat of the embarrassment caused by hundreds of law firms failing to nominate compliance officers on time.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA: firms will have to decide for themselves if they are breaching referral fee ban
Wednesday, 5 September 2012It will be for law firms to work out if they are complying with the ban on referral fees in personal injury cases, with the law drafted in such a way to make some collective marketing schemes “vulnerable to being in breach”, the Solicitors Regulation Authority has warned.
Tags: Legal Aid Sentencing and Punishment of Offenders Act, referral fees, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA set to press ahead with leniency scheme for law firm whistleblowers
Wednesday, 5 September 2012The introduction of a leniency scheme for those who reveal misconduct at law firms and alternative business structures will today be debated by the board of the Solicitors Regulation Authority. Co-operation could result in no action taking against the potential witness over their own wrongdoing.
Tags: leniency scheme, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA supervision reduces law firm risk, report on pilot finds
Tuesday, 4 September 2012A report on the Solicitors Regulation Authority’s pilot on supervision of low and medium-risk firms has concluded that the regulatory risks posed by participating firms fell during the period of supervision. Feedback from the firms involved was “overwhelmingly positive”.
Tags: OFR, outcomes-focused regulation, Solicitors Regulation Authority, supervision
Posted in Latest news, Solicitors