Compliance & Regulation
Plan to reduce time limit for complaints to LeO “goes too far”
A proposal by the Legal Ombudsman to cut the time limit for consumers to bring a complaint from six years to one “goes too far”, the Bar Standards Board has argued.
Solicitor who caused 25 claims on compensation fund struck off
The Solicitors Disciplinary Tribunal has struck off a solicitor whose conduct has led to 25 claims on the SRA Compensation Fund totalling £750,000 from conveyancing clients.
Law firms selling funeral plans “may need FCA regulation”
Law firms selling pre-paid funeral plans as intermediaries may need to be regulated by the Financial Conduct Authority, the Solicitors Regulation Authority has warned.
SRA disciplinary decisions could stay in public domain for longer
Details of disciplinary and other regulatory action taken by the Solicitors Regulation Authority could be published for longer than the current three years to combat misinformation online.
Listed compliance company targets law firms with acquisition
Listed company Marlowe has made Compliance Office – a business that advises law firms on compliance with Solicitors Regulation Authority rules – the latest addition to its fast-growing legal arm.
Judge tells regulators to use summary processes against vexatious litigants
Legal regulators need to have summary processes in place to deal with vexatious litigants who use their procedures to continue a “proxy war” against lawyers, a High Court judge has said.
Solicitor struck off for sexually assaulting friend’s wife
A solicitor has been struck off for sexually assaulting the wife of a “long-term friend” as she slept, after drinking downstairs with her husband who fell asleep.
SRA budget to rise £5.3m this year as cost of living crisis bites
The Solicitors Regulation Authority is set to increase its budget by £5.3m in the coming year, with staff costs and the Solicitors Qualifying Exam the main drivers.
Jail for solicitor who plundered elderly client’s bank account
A solicitor struck off for “outrageous plundering” of the assets of an elderly client suffering from dementia has now been jailed for six years.
Consumers open to optional top-up cover to reduce cost of PII
Consumers are open to the idea of mandatory professional indemnity insurance cover being lower and therefore cheaper, with the option to top it up, research has suggested.
Blog
The new metrics for success in conveyancing
While technology has made much of the conveyancing process faster, there remains a practical limit to how many matters anyone can manage while still keeping standards intact.
The UK legal market is polarising – and the middle is disappearing
Consolidation and the boutique boom are not contradictory. They are the same market stretching apart at both ends – and it changes what your firm is worth, and to whom.
Conveyancing’s consistency problem is about pressure, not skills
When I qualified, a conveyancer had perhaps 10 or 12 plates to keep spinning. Today’s conveyancers have 20 or 30, and almost none of the room for error I had starting out.
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