Tag Results
SRA to demand detailed complaints information from law firms
Tuesday, 16 August 2011Law firms will this year have to give the Solicitors Regulation Authority a detailed breakdown of the number and type of complaints they have received in the past 12 months, as part of the process of renewing their authorisation.
Tags: complaints-handling, Legal Ombudsman, Legal Services Act, Legal Services Board, Solicitors Regulation Authority
Posted in News, Solicitors
Biggest indemnity insurer blames SRA as it decides not to seek new business this year
Thursday, 11 August 2011The largest provider of professional indemnity insurance to solicitors has announced that it will not be seeking any new business this year because of the Solicitors Regulation Authority’s failure to abolish the assigned risks pool immediately.
Tags: assigned risks pool, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, News
Hudson: SRA needs to provide “safe harbour” guidance to make OFR work
Wednesday, 10 August 2011The benefits of outcomes-focused regulation could be thrown away if the Solicitors Regulation Authority (SRA) fails to provide “safe harbour” advice on how law firms plan to comply with the new rules, and transparency on how it will deal with breaches, the Law Society has warned.
Tags: Law Society, OFR, outcomes-focused regulation, Solicitors Code of Conduct, Solicitors Regulation Authority
Posted in News, Solicitors
Row over Holden’s comments on solicitors prompts ITV “clarification”
Monday, 8 August 2011A chorus of complaints about comments made on ITV’s This Morning by Amanda Holden when promoting QualitySolicitors (QS) led to a clarification being broadcast on Friday. Solicitors were particularly incensed by what they saw as an implication that non-QS firms would rip consumers off.
Tags: Law Society, QualitySolicitors, Solicitors Regulation Authority
Posted in News
RTA portal beats predictions with 630,000 claims
Friday, 5 August 2011The RTA claims portal processed around 25% more claims than anticipated during its first year of operation – with more than 630,000 claims submitted to compensators – as the system’s behaviour committee prepares to approach regulators to help stamp out bad practice by users.
Tags: personal injury, Solicitors Regulation Authority
Posted in News
Firms have “heads in the sand” over compliance officers
Thursday, 4 August 2011Law firms are not doing enough to train staff in risk and compliance matters, a leading expert on partnerships has warned – adding that practices must “get their houses in order by October 2011” to be ready for the new regulatory requirements.
Tags: COFA, COLP, compliance, compliance officer for finance and administration, compliance officer for legal practice, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in News, Solicitors
Claims lodged over dishonesty and default by solicitors spiral above £200m
Wednesday, 3 August 2011The value of compensation claims lodged as a result of dishonesty and other default by solicitors now tops £200m – more than four times the amount just two years ago – new figures from the Solicitors Regulation Authority have revealed.
Tags: fraud, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in News, Solicitors
File-sharing solicitors hit by SDT fine and suspension plan appeal
Tuesday, 2 August 2011Two solicitors sanctioned today by the Solicitors Disciplinary Tribunal for sending intimidating letters to individuals they accused of illegal file-sharing are set to appeal. They were fined £20,000 each and suspended from practising for three months after all six allegations against them were proven.
Tags: Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Solicitors
OFR still set for 6 October, while ABSs could yet happen before end of the year
Tuesday, 26 July 2011Outcomes-focused regulation will go ahead on 6 October even though it is unlikely that the Solicitors Regulation Authority will be able to start licensing alternative business structures “much before the end of the year”, chief executive Antony Townsend has confirmed.
Tags: ABS, Alternative business structures, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Alternative business structures, News, Regulation
ILEX is first to receive LSB clean bill of health on regulatory independence
Friday, 22 July 2011The Institute of Legal Executives is the first approved regulator to receive a clean bill of health for its internal governance arrangements for 2011. The Legal Services Board is currently reviewing the regulatory independence certificates submitted by each approved regulator where there is also a linked representative body. There is no news yet on either the Law Society or Bar Council’s certificates.
Tags: Association of Costs Lawyers, Bar Council, bar standards board, Chartered Institute of Patent Attorneys, Costs Lawyer Standards Board, ILEX, ILEX Professional Standards, Institute of Legal Executives, Institute of Trade Mark Attorneys, Intellectual Property Regulation Board, IPReg, Law Society, Legal Services Board, Solicitors Regulation Authority
Posted in Legal Executives, Legal Services Board, News, Other lawyers, Regulation