A direct consequence of the government’s decision in May not to make any major changes to the regulatory framework for legal services is that it simultaneously fired the starting gun for the race to introduce major changes to the regulatory framework for legal services.
The Solicitors Regulation Authority has removed reference to the Law Society’s controversial practice note on Sharia succession rules from its recent guidance on will drafting, it has emerged.
The Bar Council has announced that it will shortly be issuing guidance on the new consumer contract regulations – more than a month after they came into force and two months after the Law Society issued its guidance.
The Law Society has teamed up with software company Mastek UK Limited to deliver its conveyancing portal, which aims to speed up the home-buying process. The pair have set up a joint venture company called Legal Practice Technologies Ltd.
A a stripped-down telephone advice service for a single pre-payment fee of £45 was launched this week by legal entrepreneur Brad Askew. Naked Legal does not offer formal legal advice, nor does it refer clients who need that advice to lawyers.
Sir Michael Pitt, the new chairman of the Legal Services Board, has joined calls by the Lord Chief Justice, Lord Thomas, and Lord Neuberger, president of the Supreme Court, for a single regulator.
The Law Society is to spend £400,000 on its annual advertising campaign, which will this year be focused mainly on a range of private client services from solicitors, Legal Futures can reveal.
The Law Society is set to reduce the cost of practising by around 20%, even though its budget is going up in 2014/15. The net funding requirement for the next financial year is £116.7m, a 3.7% increase on this year’s budget.
One in six solicitors complain of being under severe stress, although almost nine out ten reported they were in good health – substantially more than workers among the general population, according to Law Society research.