Compliance & Regulation

The SRA’s failure to find an alternative to the Solicitors Indemnity Fund over a decade shows that the “only sensible option” is to retain it, Birmingham Law Society has argued.

Multi-disciplinary practices are set to develop further in Germany in the wake a new law that expands the types of professionals with whom lawyers can form partnerships.

The Solicitors Regulation Authority is unlikely to take action against solicitors convicted in exercising their right to protest where no significant harm has been caused, it said yesterday.

The Solicitors Regulation Authority has today made clear that it can and will take action over sexual misconduct which happens entirely outside of a solicitor’s practice.

A solicitor who made “inappropriate” comments to a junior colleague has avoided the Solicitors Disciplinary Tribunal by agreeing to remove himself from the roll for at least three years.

The Law Society has “no objection in principle” to the Solicitors Indemnity Fund being replaced by an in-house alternative run by the Solicitors Regulation Authority.

A private client firm in Norwich has become the first to transfer regulator from CILEX Regulation to the Solicitors Regulation Authority.

Decisions to suspend solicitors should stay in the public domain for three years after they return to work, the Legal Services Consumer Panel has argued.

The Legal Services Board is on a “mission impossible” in imposing an ongoing competence regime on the legal profession that will generate disproportionate costs for lawyers and consumers.

Solicitors’ contributions to the SRA Compensation Fund will fall next year because an anticipated spike in the level of claims arising from dubious investment schemes did not transpire.