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ICAEW: legal professional privilege creates “serious distortion” in market

The presence of legal professional privilege creates a “serious distortion to the competitive environment” of the legal services market, the Institute of Chartered Accountants in England and Wales has argued. The ICAEW said some law firms marketed themselves on the basis that their advice was confiential.

February 17th, 2016 | No Comments »

Accountants attack banks and insurers over probate “discrimination”

The Institute of Chartered Accountants in England and Wales has accused banks, insurance companies and others of discriminating against accountants providing probate services, in favour of solicitors. It said various organisations “appeared not to have caught up with the consequences of the Legal Services Act”.

February 11th, 2016 | 1 Comment »

ICAEW’s alternative business structure licences hit 100

The number of alternative business structures licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) has hit 100, it has emerged. A further 47 firms have been authorised to provide probate services.

October 28th, 2015 | No Comments »

Accountants recruit solicitor to head new regulatory arm

Michael Caplan QC, one of the few solicitor QCs and a partner at Kingsley Napley for over 30 years, has been recruited by the Institute of Chartered Accountants in England and Wales to head its new regulatory board.

October 22nd, 2015 | No Comments »

Number of probate firms approved by ICAEW tops 100

The number of accountancy firms authorised or licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) to provide probate services has passed 100. The ICAEW has predicted that it will reach 200 by the end of the year.

July 17th, 2015 | No Comments »

Second time lucky for top accountants after “hell” of dealing with SRA over ABS bid

Sir Michael Snyder, senior partner of top 20 accountants Kingston Smith, has welcomed a change of approach to multi-disciplinary practices at the Solicitors Regulation Authority after describing the “sheer hell” of the firm’s first attempt to become an alternative business structure.

April 29th, 2015 | No Comments »

ICAEW licenses 48 ABSs in first six months as probate regulator

The Institute of Chartered Accountants in England and Wales (ICAEW) has licensed 48 alternative business structures to carry out probate work in its first six months as regulator, it has emerged.

April 21st, 2015 | 1 Comment »

SRA seeks further ways to cut burden of 5,000 qualified accountants’ reports

The Solicitors Regulation Authority is proposing to cut further the number of law firms required to submit annual accountants’ reports, setting out a revised set of criteria for accountants to decide whether reports should be qualified.

November 20th, 2014 | No Comments »

Groundbreaking accountancy ABS targets broader range of legal services

The first firm of accountants to become an alternative business structure (ABS) licensed by its own regulator is planning to extend the range of legal services it offers, its senior partner has revealed.

October 27th, 2014 | No Comments »

ICAEW authorises first non-ABS firm to carry out probate work

The Institute of Chartered Accountants in England and Wales (ICAEW) has authorised the first non-ABS accountancy firm to carry out probate work.

October 22nd, 2014 | 1 Comment »