Latest news
CMCs continue to deluge Financial Ombudsman with PPI complaints
The message that consumers do not need to use claims management companies to make complaints about mis-sold payment protection insurance is not getting through, the Financial Ombudsman Service admitted yesterday.
SRA set to push ahead with plan to scrap formal CPD scheme
The Solicitors Regulation Authority is pushing ahead with plans to abolish all of the prescriptive requirements around continuing professional development and leave it to solicitors and their firms to decide how best to ensure their continuing competence.
Kenny: Don’t give up on a single regulator – it will happen
Chris Kenny, chief executive of the Legal Services Board, has said that the government is “not saying never” to the idea of a single regulator for the entire profession, and it was likely to happen anyway in the coming years.
Solicitor struck off after US bribery conviction
A solicitor has been struck off following his jailing for bribery charges in the US, in what is thought to be the first prosecution brought by the Solicitors Regulation Authority where a solicitor was convicted overseas.
Hudson: SRA insurance reform will “destroy high street conveyancing”
Preventing mortgage lenders from claiming on solicitors’ compulsory indemnity insurance will “destroy high street conveyancing”, Law Society chief executive Des Hudson has said, in a wide-ranging speech on the state of the profession.
BSB fails to have barrister's costs reduced to LiP rate
Barristers who successfully defend themselves in disciplinary proceedings can claim their costs at a rate higher than that of a normal litigant in person, the High Court has ruled in a largely unsuccessful judicial review brought by the Bar Standards Board.
SRA chief executive outlines “back to basics” approach
The new chief executive of the Solicitors Regulation Authority, Paul Philip, has used one of his first public platforms since being appointed to outline the new “back to basics” approach he wants the regulator to take.
ABS lives: Property company spin-off finds success
In the first of a new series tracking the experience of the new breed of alternative business structures (ABSs), we profile Crabtree Law, which was the first in-house team to become a standalone law firm.
Legal Services Board calls in Mayson
Leading market commentator Professor Stephen Mayson is to begin working with the Legal Services Board, it has been announced. He is to work with the oversight regulator on its 2015-2018 strategic plan and planned project on the cost of regulation.
Exclusive: Stobart Barristers reaches the end of the road
Stobart Barristers – the most controversial new business of the Legal Services Act era to date – will no longer provide legal advice to the public, Legal Futures can reveal.
Blog
Why housing disrepair claims against councils have leapt by nearly 400%
Housing disrepair claims against councils have surged dramatically in recent years, with some areas reporting increases approaching a staggering 400%.
Client accounts: Opportunity, obligation and the risks in between
The profitability gap between well-run firms and the rest is not primarily a function of size, location or practice area – it is a function of financial management.
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.
