The sale of Quindell’s professional services division moved a major step closed today after the company’s shareholders approved the disposal to Slater & Gordon.
Solicitors will soon be able to ditch client accounts and instead use “third-party managed accounts”, their regulator has revealed. THe SRA said the use of such accounts may offer a lower-cost alternative that continues to provide appropriate protection.
The Solicitors Regulation Authority yesterday started an “open” debate about allowing solicitors to pay referral fees for legal aid and criminal work, saying the present ban acts as a barrier to consumer choice. The move is likely to be met with anger by the Bar Council.
Legal Futures Blog
‘The cab-rank rule is dead, long live the cab-rank principle’, or words to that effect, may be heard before too long. More than two years after the prescriptive-rule-versus-laudable-principle debate was sparked, the Bar Standards Board appears ready to consider converting the rule and its many exceptions into an outcomes-focused foundation of barristers’ practice.