Latest news
Exclusive: SRA chairman says too many solicitors are "simply not good enough"
There are too many solicitors in England and Wales “who are simply not good enough”, the chairman of the Solicitors Regulation Authority claimed yesterday. He told the 500 firms yet to nominate COLPs that “enough is enough” – they face having their right to practise withdrawn.
InjuryLawyers4u confident over referral fee ban as it opens up panel for first time in eight years
InjuryLawyers4u, arguably the UK’s leading solicitors’ marketing consortium, is opening up its panel for the first time in more than eight years. There are currently 43 firms on the panel, collectively spending millions on advertising the service.
Citizens Advice trains guns on CMCs – and their regulator for not prosecuting any
Rogue claims management companies have been slicing off more than a third of the cash awarded in settlement of payment protection insurance mis-selling claims, according to a report by Citizens Advice. The charity also attacked the regulator for not pursuing unauthorised CMCs in the courts.
MPs pile pressure on government to crack down further on claims management companies
MPs from across the political divide last week lined up to urge the Ministry of Justice to go further to control the activities of rogue claims management companies than it has proposed to do. MPs concentrated much of their fury on the use of unsolicited text messages.
MoJ slaps away Bar Council call to scrap Legal Services Board
The Ministry of Justice has thrown cold water on the Bar Council’s call to abolish the Legal Services Board (LSB). On Saturday, Bar Council chairman Michael Todd QC said the new Lord Chancellor, Chris Grayling, was sympathetic to concerns that the legal profession is over-regulated.
Estate agent-owned conveyancing businesses become latest ABSs
Two south-east conveyancing businesses owned by estate agents have become the newest alternative business structure (ABS), meaning that more than 50 licences have now been issued by the two ABS regulators.
Bar Council to press "sympathetic" Grayling to scrap LSB
The new Lord Chancellor has said he is “sympathetic” with the notion that the legal profession is over-regulated, the chairman of the Bar Council has claimed as he stepped up his call for the Legal Services Board to be scrapped.
ABS joint ventures to get around referral fee ban will be fine, SRA says
Joint ventures between solicitors and insurance companies as alternative business structures which enables insurers to take in income what they would have received in referral fees will not be caught by the upcoming ban, the Solicitors Regulation Authority confirmed last week.
ABS conversion deadline for LDPs under review
The Solicitors Regulation Authority is under pressure to extend its April 2013 deadline for legal disciplinary partnerships with non-lawyer partners to become alternative business structures, after the Legal Services Board said it was “unlikely” to insist on it before 2014.
"Oops – we’re actually not as inefficient with ABS applications as we made out," says SRA
Inaccurate statistics published by the Solicitors Regulation Authority over the past six months have painted a worse picture of its handling of alternative business structure applications than the reality, it has emerged. However, there are still around 150 applications in the system.
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
