Tag Results
City solicitor faces £600k bill to reimburse former firm and indemnity insurer in bribe case
Monday, 16 April 2012A former senior solicitor at City firm SNR Denton is facing a £600,000 bill after the High Court ordered her to repay the firm and its insurer losses they suffered as a result of her involvement in the payment of a bribe.
Tags: professional indemnity insurance, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news
COLP role risks prompting culture of silence at firms, warns top adviser
Friday, 13 April 2012Law firms should not appoint the lawyer who handles their indemnity insurance as the compliance officer for legal practice (COLP) or risk discouraging lawyers from owning up to their mistakes, a leading City solicitor has advised.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Firms “need to develop” whistleblowing and client account interest policies
Thursday, 12 April 2012Law firms need to establish policies on whistleblowing and the interest they pay to clients, according to a leading regulatory solicitor. Other key issues troubling firms include preparing a business plan and compliance with provisions on outsourcing.
Tags: client account interest, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, outsourcing, Solicitors Regulation Authority, SRA Handbook
Posted in Accounts rules, Latest news, Solicitors
Trainees on housing benefit is “not the image that befits the profession”, Law Society tells SRA
Thursday, 12 April 2012The prospect of trainee solicitors claiming housing benefit and taking on second jobs because the minimum salary has been scrapped “is not the type of image that befits the profession”, the Law Society has claimed.
Tags: Law Society, minimum salary, Solicitors Regulation Authority
Posted in hrtraining, Latest news, Solicitors
… as Law Society calls on government to slash the LSB’s budget to stop it overstepping the mark
Tuesday, 10 April 2012The Legal Services Board should have its budget slashed so as to rein in its ambitions to move beyond a supervisory role, the Law Society has claimed. However, the SRA, CILEx and Council for Licensed Conveyancers have been more measured in their criticism.
Tags: Chartered Institute of Legal Executives, Council for Licensed Conveyancers, ILEX Professional Standards, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Executives, Legal Services Board, Other lawyers, Solicitors
SRA to adopt City firms’ recommendation on dealing with conflicts of interest overseas
Tuesday, 10 April 2012City law firms facing conflict issues overseas should apply the rules that apply in the relevant jurisdiction, the Solicitors Regulation Authority has suggested. Meanwhile, the SRA and the Law Society of Scotland have begun discussions on an intra-UK regulatory regime.
Tags: City of London Law Society, Scotland, Solicitors Regulation Authority
Posted in Latest news, Solicitors
News round-up: would-be ABS expands, HSBC publishes panel criteria, and much more
Thursday, 5 April 2012Our regular round-up of news includes Quindell Portfolio’s latest acquisition, Simmons & Simmons moving City work to Bristol, the SRA’s City adviser joining Obelisk Legal, the Law Society withdrawing its PII broker list, and much more besides.
Tags: ABS, Alternative business structures, Bar Council, conveyancing, conveyancing quality scheme, Council for Licensed Conveyancers, Financial Services Authority, Law Society, legal process outsourcing, LPO, professional indemnity insurance, pupillage, Solicitors Regulation Authority
Posted in Latest news, Market monitor, News In Brief
Putting the LSB back in its box
Wednesday, 4 April 2012If we are to judge the success of a regulator by the degree to which it really annoys those it regulates, then the Legal Services Board (LSB) has done an absolutely bang-up job these past three years. It is just over 12 months since I first blogged about whispers questioning the long-term need for the LSB once independent regulation, the Legal Ombudsman and alternative business structures were all up and running. Well, they are whispers no more.
Tags: Bar Council, bar standards board, internal governance rules, Law Society, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in Blog
TAG solicitor loses appeal against striking-off
Wednesday, 4 April 2012A solicitor heavily involved with failed claims handler The Accident Group (TAG) has lost his appeal against a High Court decision to strike him off. Anthony Dennison had initially just been fined by the Solicitors Disciplinary Tribunal.
Tags: Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Solicitors
City firm to place its LPC students with clients as part of innovative MA
Tuesday, 3 April 2012Prospective trainee solicitors at Reed Smith are to conduct projects for the international firm’s clients as part of an innovative legal practice course that integrates legal and business learning and leads to a unique Masters qualification – the MA (LPC with Business).
Tags: legal practice course, Solicitors Regulation Authority, trainee solicitors
Posted in hrtraining, Latest news