Co-operative Legal Services made a loss of £22m in 2013 when the impact of a slower rate of growth than previously planned for is taken into account, the group announced today.
A Lancashire solicitor has been struck off after misusing more than £400,000 of client monies to prop up her ailing firm. Kimberley Bridge was struck off by the Solicitors Disciplinary Tribunal this week for nine counts of dishonesty.
A new trade association, the Society of McKenzie Friends, is to be launched to represent the non-lawyer advisers who charge fees, as the first step towards self-regulation. The news comes as the Legal Services Consumer Panel concludes that the public interest benefits of MFs outweigh the risks.
The timetable for advocates to register for the Quality Assurance Scheme for Advocates has been thrown into chaos as a result of the continuing judicial review of its legality. Meanwhile, the Bar Standards Board has begun the search for a new chair.
Legal Futures Blog
The popularity of comparison sites such as Compare The Market is clear for everyone to see, but up until now there has not been a service such as this for law firms. However, this is all set to change, as the Legal Services Board, the oversight regulator, has said that it has secured ‘agreement in principle’ from all the approved regulators in order to publish information they hold about their regulated communities in a ‘reusable format’.