Tag Results

Grayling gives accountants ABS and probate green light

The Lord Chancellor yesterday approved the application by the Institute of Chartered Accountants in England and Wales (ICAEW) to become a regulator of probate services and licensing authority for alternative business structures.

March 7th, 2014 | 2 Comments »

Legal executives to enjoy same rights as solicitors

Chartered legal executives are set to have full parity with solicitors after the Legal Services Board gave them the right to practise litigation and advocacy independently.

December 20th, 2013 | No Comments »

Here come the accountants and legal executives…

Competition in the law is to increase further after the Legal Services Board backed accountants to handle reserved probate work and set up alternative business structures, as well as chartered legal executives to set up their own conveyancing and probate practices.

December 11th, 2013 | 2 Comments »

Revealed: LSB ditches investigation into regulating ‘general legal advice’

The Legal Services Board has ditched its investigation into whether giving ‘general legal advice’ should become a reserved legal activity – but hinted it may look to remove probate from the existing list.

September 30th, 2013 | 1 Comment »

LeO bids to open doors to clients of unregulated legal services providers

The Legal Ombudsman (LeO) has today begun a debate over whether its remit should be widened to capture complaints against the 130,000 unregulated providers who deliver legal services. It has also raised the prospect of becoming the complaints body for a wide range of professionals.

July 30th, 2013 | No Comments »

Are we headed for the Legal Services Act 2015?

Yesterday’s announcement that Lord Chancellor Chris Grayling had rejected the Legal Services Board’s (LSB) recommendation that will-writing become a reserved legal activity was not a total shock. I reported in February that the LSB was nervous given Mr Grayling’s anti-regulation agenda and it was encouraging supporters to lobby the Ministry of Justice (MoJ). If nothing else, those (mainly abroad) who fear that the LSB is too close to the government can rest easy – this is the second significant slap in the face for the LSB after the MoJ in 2011 disregarded its conclusion that the case to ban referral fees was not made out.

May 15th, 2013 | No Comments »

Bringing all legal advice into regulatory net may resolve consumer confusion, says LSB chief

The status quo over reserved and unreserved legal activities is unsustainable and the answer may be for all legal advice to be regulated, the chief executive of the Legal Services Board has suggested.

April 30th, 2013 | No Comments »

Here comes the legal executive law firm as CILEx applies for independent practice rights

The prospect of chartered legal executives setting up their own law firms moved closer to reality yesterday after their regulator submitted an application for the full range of independent practice rights. It has won immediate support from a Conservative MP.

March 26th, 2013 | No Comments »

Legal Services Board presses SRA not to shackle law firms and ABSs delivering non-reserved work

The rule which prevents solicitors and alternative business structures from hiving off non-reserved legal work into unregulated businesses risks making legal services more expensive, distorting competition and preventing innovation, the Legal Services Board has warned.

February 18th, 2013 | No Comments »

Accountants launch bid to become ABS regulator, with 100 applications in the offing

Accountants could start offering reserved probate services to the public as soon as next autumn, the Institute of Chartered Accountants in England and Wales said yesterday as it submitted its application to become a regulator of probate services and alternative business structures.

December 18th, 2012 | 1 Comment »