Latest news
Boost for QualitySolicitors as owner takes control of conveyancing and probate group
Eddie Ross, chief executive of QualitySolicitors (QS) has said an investment decision by its private equity owners, Palamon Capital Partners, will enable it to “consolidate its position” as a national leader in conveyancing.
Most ABSs would “do things differently” if they applied again
A large majority of alternative business structures, 89%, would tackle their application differently if they applied to the Solicitors Regulation Authority (SRA) for a licence again, research has revealed.
VouchedFor aims for 1,000 solicitors
Financial adviser rating and review website VouchedFor has said it is aiming to sign up 1,000 solicitors in the next few weeks.
Consumer panel hits back over SRA ‘double standards’ claim
The Legal Services Consumer Panel has hit back at criticism by the Solicitors Regulation Authority (SRA) that it opposes a minimum indemnity insurance limit of £500,000 for solicitors, while supporting it for accountants.
Law Society Sharia wills guidance “cannot change the law”, justice minister says
The government has refused to be drawn into the row over controversial advice from the Law Society on Sharia-compliant wills, but insisted that it “does not, and cannot, change the law”.
LSB paves way for CLC to expand beyond conveyancing
The statutory framework of the Council for Licensed Conveyancers (CLC) could be changed in a way that would potentially enable it to regulate all reserved legal activities, under plans outlined by the Legal Services Board (LSB).
Government introduces legislation to ban PI inducements
The government has gone ahead with its promise to ban personal injury lawyers from offering inducements, such as cash or iPads, to potential claimants by inserting a new clause into the Criminal Justice and Courts Bill.
ICAEW wins power to licence probate ABSs
The Institute of Chartered Accountants in England and Wales has been given the green light by Parliament to regulate alternative business structures which provide probate services, with dozens of firms already showing an interest in taking advantage.
North of England private equity firm invests £15m in industrial diseases ABS
NorthEdge Capital, a private equity firm focused on investing in businesses in the North of England, has announced an investment of £15m into Roberts Jackson, the Cheshire-based industrial disease alternative business structure.
Clinical negligence outsourcer bids to become alternative business structure
Clinical negligence outsourcer 5R1 has announced its intention to become the first in its field to obtain alternative business structure (ABS) status. It currently operates as a claims management company, regulated by the Ministry of Justice.
Blog
Motor finance – the FCA is more worried about banks than consumers
The Financial Conduct Authority’s motor finance redress scheme announced last week amounts to one of the largest ever consumer failures by the regulator.
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
Cross-generation collaboration: the key to in-house legal tech adoption
In-house legal function leaders will increasingly have to evolve their thinking on how to manage multigenerational teams containing differing levels of technological expertise.
