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Law firms face financial management duty
Thursday, 18 February 2010There should be a new core duty on financial management, along with requirements that firms disclose financial problems to their regulator, in the Solicitors Code of Conduct, the SRA has been advised.
Tags: code of conduct, financial management, SRA
Posted in Indemnity insurance, Latest news, Practice Management, Regulation, Solicitors
That will be principles based and outcome focused then!
Tuesday, 16 February 2010Those of us with recent experiences of the Financial Services Authority’s changing approach to regulating its industry firms, should be forgiven a wry smile on reading SRA board chairman Charles Plant’s article on ‘outcomes-focused regulation’ which appeared in the Law Society Gazette on 11 February 2010.
Tags: FSA, outcomes-focused regulation, Regulation, SRA
Posted in Blog
Blog
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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