Tag Results
When eight into one may go
Thursday, 14 April 2011Charles Plant, the chairman of the Solicitors Regulation Authority (SRA), has finally said the unsayable and brought into focus what could well be the long-term future of regulation for lawyers – a single regulator for all, rather than the multiplicity we currently have.
Tags: bar standards board, ILEX Professional Standards, internal governance rules, rights of audience, Solicitors Regulation Authority
Posted in Blog
Revealed: end to common renewal delayed as solicitors face ARP bill of up to £30m
Wednesday, 13 April 2011The Solicitors Regulation Authority has radically reworked its reforms of professional indemnity insurance, delaying the end of common renewal for two years and kicking the question of compulsory cover for financial institutions into the long grass. Solicitors will also be liable to pay up to £30m of claims arising from the ARP during its final year.
Tags: ARP, assigned risks pool, Law Society, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, News, Solicitors
Plant lays bare SRA/Law Society tensions caused by “defective” Legal Services Act
Tuesday, 12 April 2011The legal regulatory system is “defective” and in time it might be right for a single regulator to replace the eight frontline regulators, the chairman of the Solicitors Regulation Authority, Charles Plant, told yesterday’s Legal Futures Conference.
Tags: bar standards board, Law Society, Legal Services Board, Solicitors Regulation Authority
Posted in Barristers, Legal Services Board, News, Solicitors
Countdown to outcomes-focused regulation begins as SRA publishes Handbook
Wednesday, 6 April 2011Solicitors, law firms and would-be alternative business structures today get first sight of the new SRA Handbook, the 563-page guide to practising and running a legal practice. The Handbook – delivered on schedule and exactly six months before it is due to come into force – introduces the profession to outcomes-focused regulation.
Tags: ABS, Alternative business structures, OFR, outcomes-focused regulation, Solicitors Handbook, Solicitors Regulation Authority
Posted in News, Solicitors
MDPs in the spotlight as 12 regulators and professional bodies agree oversight rules
Tuesday, 5 April 2011A memorandum of understanding between legal regulators and regulators and professional bodies in the financial, accountancy and property worlds whose members may be part of multi-disciplinary practices is close to agreement, it has emerged.
Tags: ABS, Alternative business structures, bar standards board, Council for Licensed Conveyancers, Financial Services Authority, ILEX Professional Standards, Institute of Chartered Accountants, IPReg, MDP, multi-disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Barristers, Legal Executives, News, Other lawyers, Regulation, Solicitors
LSB to investigate immigration law services
Tuesday, 5 April 2011The Legal Services Board is to launch an assessment of the regulation of immigration advice and services after taking over responsibility for overseeing frontline regulators in the field. The move will save the profession £110,000 in direct costs.
Tags: bar standards board, ILEX Professional Standards, immigration, Legal Services Board, Solicitors Regulation Authority
Posted in Barristers, Legal Executives, Legal Services Board, News, Solicitors
SRA weighing up evidence of insurers discriminating against BME solicitors
Friday, 1 April 2011The Solicitors Regulation Authority is weighing up whether evidence that the underwriting criteria used by professional indemnity insurers disproportionately affects black and minority ethnic solicitors amounts to unlawful discrimination, Legal Futures has discovered.
Tags: equality and diversity, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, News, Solicitors
He said, she said
Friday, 25 March 2011That the Law Society and Solicitors Regulation Authority are not the best of friends is not news to those close to the world of legal regulation. They generally keep it reasonably well hidden from public view but this week we have seen a bit of a “he said, she said” over what happened in the week between the SRA approving the ABS licensing application and the Law Society council agreeing it.
Tags: Law Society, Solicitors Regulation Authority
Posted in Blog
SGM threat recedes as SRA refutes suggestions that it changed ABS stance
Friday, 25 March 2011The Solicitor Sole Practitioners Group has backed away from its threat to call a special general meeting and postal vote of the profession to gauge support for alternative business structures (ABSs). Meanwhile, the Solicitors Regulation Authority has refuted suggestions that it shifted position on how it will regulate ABSs ahead of this week’s Law Society vote.
Tags: ABS, Alternative business structures, Law Society, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Alternative business structures, News, Solicitors
SRA agrees compromises to help ABS application through council vote
Thursday, 24 March 2011The Solicitors Regulation Authority has compromised on aspects of its application to become an alternative business structure regulator, it emerged last night. Agreement was reached between the society and its regulatory arm on various changes to the application which the SRA’s board agreed last week.
Tags: ABS, Alternative business structures, Law Society, Solicitors Regulation Authority
Posted in Alternative business structures, News, Solicitors