Insurance companies could buy law firms and use them as conduits to sell their products to consumers if the Solicitors Regulation Authority changes the rules on referring clients to financial advisers, it has been warned.
The Legal Services Board has stepped into the controversy around the International Monetary Fund’s push to make countries receiving financial bailouts reform their legal professions as part of the deal.
We may be in an era of outcomes-focused regulation, but nobody thought to tell those who drew up the deal between the Law Society and Solicitors Regulation Authority over their governance arrangements. To me it is further evidence that the arrangement by which the SRA is both independent and yet part of the Law Society is unlikely to stand the test of time
A groundbreaking assessment of the progress in delivering the legal services reforms from a consumer perspective is the centrepiece of the Legal Services Consumer Panel’s plan for the forthcoming year, delegates at today’s Legal Futures Conference will hear. The idea of a “single regulatory badge” will also be floated, along with good practice standards for legal comparison websites
This is a blog I didn’t expect to write. We all know the independence of the legal profession from government is robust, right? In the summer I was speaking to Carolyn Lamm, the then president of the American Bar Association, about alternative business structures. When I asked if we had covered all of her concerns, she surprised me by raising the independence issue.