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Consumer panel warns against “information overload” in new transparency regime

The Legal Services Consumer Panel has warned of “information overload” as legal regulators struggle to come to terms with the demands of the Competition and Markets Authority for transparency on prices and complaints.

March 22nd, 2017 | No Comments »

SRA eyes rule waivers to stimulate innovation

The Solicitors Regulation Authority has published a blueprint for simplifying its system for granting waivers to regulations in order to promote innovation, which it suggests will particularly benefit small firms. The new policy would guarantee no enforcement action would be taken if innovations create technical breaches of the rules.

December 15th, 2016 | No Comments »

SDT slams regulator for “shambolic” handling of banking facility case

The Solicitors Disciplinary Tribunal has slapped down the Solicitors Regulation Authority for its conduct in a disciplinary case involving alleged money laundering, describing it as having “verged on the shambolic” and dismissing five out of the seven charges laid.

September 26th, 2016 | No Comments »

Mixed response to LSB’s plan for regulatory overhaul, with Falconer calling for focus on unmet legal need instead

Reactions from key legal services industry bodies to the Legal Services Board’s blueprint for radical form of legal regulation have ranged from enthusiastic welcome to anger at its timing, while the politician who introduced the Legal Services Act 2007 said tackling unmet legal need was more of a priority.

September 14th, 2016 | No Comments »

Brexit should not affect our reforms but there are other areas of concern, says SRA

The uncertainty that has followed the vote for Britain’s exit from the European Union should not slow down reforms in the legal services market, Paul Philip, the Solicitors Regulation Authority’s chief executive, has warned.

September 14th, 2016 | No Comments »

Law Society goes to war on SRA code of conduct reform

The Law Society has issued a damning critique of the Solicitors Regulation Authority’s proposals for a streamlined code of conduct and – to a lesser extent – its planned overhaul of the accounts rules. The code of conduct proposals were misconceived, unnecessary, unclear, and would create a two-tier profession, it said.

September 9th, 2016 | No Comments »

New ABS rules will smooth path for group structures and private equity, says SRA

Freeing up the rules on licensing alternative business structures will help the Solicitors Regulation Authority deal with more complex applications, such as those from businesses that form part of a group or have private equity investment, it has told the government.

August 11th, 2016 | No Comments »

LSB pushes for fully independent regulators to prevent professional bodies resisting reforms

The Legal Services Board has argued more strongly than ever that professional bodies must be fully separated from regulators. In a letter to the justice select committee, Sir Michael Pitt, chairman of the LSB, argued that there was scope under existing arrangements for them to “resist reforms”.

July 22nd, 2016 | No Comments »

Solicitor who let wife make improper transfers from firm’s client account is suspended

A solicitor who allowed his wife to make improper transfers from his firm’s client account has been suspended by the Solicitors Disciplinary Tribunal. The SDT said the decision to put his wife in a position of trust was part of a “conscious strategy” by Abdul Aziz Hafezi.

July 21st, 2016 | No Comments »

SRA hits back over criticism of handbook rewrite

The chief executive and chair of the Solicitors Regulation Authority have hit back over criticism of their plans for a comprehensive rewrite of the handbook. They said allowing solicitors to work outside authorised entities would contribute to improving access to legal services and enforcement of civil rights.

July 14th, 2016 | No Comments »