The Bar Standards Board has rubbished a suggestion from the Solicitors Regulation Authority that it changed a rule to support the Bar Council in its clash with the government over legal aid.
The Solicitors Regulation Authority is to investigate the likely impact of criminal legal aid fee cuts on the viability of law firms amid warnings that the cost to the profession of collapses could spiral.
The Law Society’s vision for the future of legal regulation would enable it to restrict the licensing of alternative business structures so as to protect solicitors from competition, the Solicitors Regulation Authority has warned.
Criminality within the solicitors’ profession has reached the level where the Russian mafia have become involved, it emerged yesterday. The SRA has uncovered “very significant levels of misconduct in firms”.
Half of partners do not fully understand the potentially “catastrophic” personal consequences of their firm getting into financial difficulty, new research has warned. Baker Tilly said individual partners in firms “can no longer expect that being a good lawyer is good enough”.
The Solicitors Regulation Authority has decided against testing the financial stability of thousands more law firms despite concerns about how widespread problems are in the profession, it announced yesterday.
Much of the red tape around the training of solicitors would be swept away if proposals before the Solicitors Regulation Authority are adopted, including abandoning a ceiling on the number of trainees firms are allowed to take on.
The Solicitors Regulation Authority has launched “forensic investigations” into 10 law firms that may have breached the personal injury referral fee ban, in a move that will be seen as a warning to the profession. Meanwhile, 141 firms without indemnity insurance are heading for closure.
It was third time unlucky for a solicitor whose striking-off had twice been overturned by the High Court, as Mr Justice Mostyn yesterday rejected his challenge to the latest decision to remove him from the roll.
The Solicitors Regulation Authority has shelved its bid to increase the maximum fine it can impose on law firms from £2,000 to £250m and is instead looking for a more modest rise – although still possibly 50 times the current level.