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Regulator’s training plans could “promote nepotism”, Law Society president says

The Law Society has condemned plans by the Solicitors Regulation Authority to revolutionise the training of solicitors, warning that they could “promote nepotism” and favour “wealthier students”. The plans include introduction of a Solicitors Qualifying Examination.

December 14th, 2015 | No Comments »

LSB rejects plan to cut indemnity cover limit

The Legal Services Board (LSB) has rejected plans by the Solicitors Regulation Authority (SRA) to cut the indemnity cover limit for law firms from £2m to £500,000.

November 27th, 2014 | No Comments »

‘Accountants have £500,000 indemnity limit, so why can’t we?’ SRA asks LSB

The Solicitors Regulation Authority (SRA) has reminded the Legal Services Board (LSB) of its decision to allow accountancy firms wanting to carry out legal work to have minimum indemnity insurance cover of £500,000, in a bid to head off concerns about its move to reduce the level for solicitors.

July 18th, 2014 | No Comments »