A judge who wrongly questioned the status of a solicitor after doing his own research on the Law Society’s website, has been criticised by the Court of Appeal. The judge at Central London County Court complained that he had prosecuted “too many swindlers” as a barrister, and was “naturally suspicious of everybody, particularly in this court”.
The general public strongly supports the notion of full separation of legal regulators from professional bodies, according to the results of an opinion poll commissioned by the Solicitors Regulation Authority (SRA). The Law Society hit back by appearing to suggest an SRA stripped of its power to set solicitors’ standards should be merged with other legal regulators.
Small law firms have the most to lose if a Solicitors Qualifying Examination is introduced as it may downgrade the value of being part of the profession, a leading legal academic has warned. Professor Anthony Bradney said the exam could be a way for solicitors to “very rapidly lose their reputation”.
Legal Futures Blog
During recent weeks, there have been conflicting opinions on bank borrowing, particularly as it affects professional firms. One piece of advice, aimed primarily at law firms, expounded the view that firms which did not borrow more while interest rates were so low would be exhibiting behaviour ‘almost bordering on professional negligence’. By contrast, with comments directed at a broader market, portfolio managers want companies to pay off debt instead of paying large dividends to shareholders.