The Law Society has issued a damning critique of the Solicitors Regulation Authority’s proposals for a streamlined code of conduct and – to a lesser extent – its planned overhaul of the accounts rules. The code of conduct proposals were misconceived, unnecessary, unclear, and would create a two-tier profession, it said.
Tax barristers who have evidence of colleagues breaking the rules should report it to the Bar Standards Board (BSB), chief executive Dr Vanessa Davies has said.
The Solicitors Regulation Authority has warned in-house solicitors that “attempts to mislead” debtors that external firms are taking steps against them could result in disciplinary action.
Barristers are likely to be allowed to form partnerships next year and before they can create alternative business structures, the Bar Standards Board said last week. Meanwhile, it dropped a proposal to force barristers to withdraw from cases where a client refuses to reveal previous convictions to the court.
Michelle Garlick, a partner in Weightmans’ professional risk and Compl-i consultancy team, offers common-sense tips on how to handle complaints from clients.
The Solicitors Regulation Authority is set to recommend dropping the controversial ban on practitioners referring clients to tied financial advisers. Solicitors would instead have to ensure that the client is involved in the decision-making process that goes into any referral.
Is a compliance plan a COLP’s need-to-have or simply a nice-to-have and, more to the point, what on earth is a compliance plan? Compliance plans are the Emperor’s New Clothes of the SRA regulatory regime. Everyone’s talking about them, but no-one wants to admit they can’t see them and they don’t know what they are. There’s a good reason for this – compliance plan requirements are virtually invisible in the SRA Handbook. Allison Wooddisse explains.
There 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.
Insurance mediation does not sound like the kind of thing solicitors do, but in fact many are involved in it and their knowledge of the rules around it are often sketchy. Alan Bannister of Vizards Wyeth outlines the main issues.