More than 80% of barristers have declined to disclose information about their socio-economic backgrounds when asked to do so by their professional regulator, it has emerged.
The Solicitors Regulation Authority has committed to opening up its register of solicitors to comparison websites, while the Legal Ombudsman has today made its decisions available in a downloadable format.
Chartered legal executives are to have full rights to practise independently after the Lord Chancellor approved their bid to handle probate and conveyancing work without the supervision of a solicitor.
The frontline legal regulators yesterday launched a groundbreaking consumer-facing information website that aims to demystify the legal profession for ordinary people.
The prospect of external investment in intellectual property firms is set to soar after the Intellectual Property Regulation Board won the support of the Legal Services Board to become the third alternative business structure licensing authority.
The frontline regulators need lay chairs at the helm so as to cut the “overly strong ties” that still exist with their branches of the profession and have held back change, the Legal Services Board said yesterday. The call was met by strong opposition.
A Manchester law firm has launched a joint venture alternative business structure (ABS) with one of its major insurer clients. Meanwhile, the transitional exemption from ABS licensing currently afforded to not-for-profit organisations has been extended indefinitely.
The Legal Services Board (LSB) has told the regulators it oversees that now is the time for them to prove they can deliver what is expected of them, warning that it will put their promises “to the test”. The LSB said its focus in 2013/14 will be on the performance of the regulators.
Our regular round-up of important news nuggets includes the newest SRA-licensed ABS, an advice contract for the Co-op, a survey of top firms on how they are changing, a probe of SRA files to identify any racial discrimination, heavy fine for spam texters and much more.
A proposed £50,000 cap on compensation claims against alternative business structures licensed by the Intellectual Property Regulation Board is too restrictive, it has been argued as the board prepares to become an ABS licensing authority.