Legal Executives

LSB fires warning shot over SRA closing board meetings as it applauds regulators’ performance

private sign

The Legal Services Board has given the frontline regulators largely positive reviews of their performance, but warned the Solicitors Regulation Authority that it will be monitoring the impact of its controversial decision to end public and press access to board meetings

July 6th, 2017

Regulators to take price transparency rules slowly as SRA outlines limited pilot

Competition and Markets Authority

Legal regulators have responded cautiously to the Competition and Markets Authority’s recommendations on price transparency, pledging to pilot regulatory requirements and test their effects on the lawyers and firms they regulate. They promised to implement controversial measures to encourage lawyers to publish prices if possible.

June 30th, 2017

Passed on Thursday, in force today – new AML regulations thrust on profession

Money Laundering Series

Law firm compliance officers and money laundering reporting officers have been scrambling to get to grips with the biggest shake-up in anti-money laundering rules in a decade, with the final regulations – which were only published on Thursday – coming into force today.

June 26th, 2017

ABS start-up led by CILEx Fellow bids for rapid growth

Glenn Wallis ABS Lawyers Ltd

A chartered legal executive has launched a start-up alternative business structure specialising in personal injury but with ambitious plans for expansion into a variety of legal areas, including sports law.

April 19th, 2017

LSB drops plan to probe “slow progress” of female and BME lawyers to senior roles

Competition and Markets Authority

The Legal Services Board has dropped plans to probe why it is taking women and those from ethnic minorities so long to reach senior roles in the profession. It also rejected the Law Society’s claim that it is putting too much emphasis on promoting competition at the expense of the other regulatory objectives it is meant to uphold.

April 6th, 2017

Legal regulators eye piloting new price and service transparency requirements

Vanessa Davies

Plans to force lawyers to be more transparent about their fees and complaints records could first be piloted across areas of work that have different regulators. The Solicitors Regulation Authority could also widen its plan for an online register of solicitors’ regulatory data to encompass all regulated lawyers.

March 9th, 2017

CILEx launches bid to recruit law graduate paralegals

Lynne Squires

The Chartered Institute of Legal Executives (CILEx) has launched a campaign to recruit paralegals – especially law graduates who have not gained further qualification – as associate members. They are entitled to use the letters ACILEx after their name.

March 8th, 2017

CILEx unveils governance rethink with an eye to regulatory independence

Martin Callan

The Chartered Institute of Legal Executives (CILEx) has unveiled major governance reform that it said prepares the body for the government making legal regulators entirely independent. Crucially, it said the changes would ensure that CILEx continues to be viable as a professional body without receiving any income from practising fees.

February 23rd, 2017

CMA responses: Law Society and SRA at odds, but McKenzie Friends are happy

Janet_Paraskeva

The Competition and Market Authority’s report on legal services yesterday provoked a predictably mixed response that pitted the Law Society against the Solicitors Regulation Authority, and found support from the body representing paid McKenzie Friends. Meanwhile, the Council for Licensed Conveyancers called on the Legal Services Board to use its powers to force regulatory independence to happen.

December 16th, 2016

LCJ: Put judges on boards of legal regulators to ensure high standards

Lord Thomas_crop

The Lord Chief Justice has called for judges to be appointed to the boards of the main legal regulators to ensure “tough standards of ethical behaviour and competence” in litigation. Lord Thomas said it seemed “very odd” that the judiciary was not represented on the boards of the SRA, BSB and CILEx Regulation.

November 22nd, 2016