Latest news
Is AML move the first step towards single legal regulator?
The government’s decision to rationalise the oversight of AML supervision could be a precursor to the entirety of legal regulation, a leading practitioner has suggested.
PACCAR to blame for “collapse” in collective actions
The number of collective actions filed at the CAT has “collapsed” to only three this year, due mainly to the “chilling effect” of PACCAR, a report has argued.
KC: Regulators should promise no action over pre-Mazur breaches
Regulators should assure non-authorised people who may have inadvertently conducted litigation as found by Mazur that they will not face criminal prosecution or disciplinary action.
Regional consolidators outperforming rest of legal market
Regional law firm consolidators are outperforming other disruptive models in the market and also the biggest practices in the country, an analysis by PwC has shown.
Apple users set for damages after first trial win for collective action
The collective action regime received a timely boost yesterday after a claim against Apple over its App Store became the first case to win at trial.
Solicitor’s online pet tool joins global incubator programme
A private client solicitor has launched an online tool to help ensure pets are looked after following their owner’s death, incapacity, divorce or separation.
SDT removes restrictions on solicitor turned compliance consultant
The Solicitors Disciplinary Tribunal has removed restrictions on a solicitor who, after being suspended for three years, became a compliance consultant.
Proposed LLP tax will be “big hit” on legal profession
A new tax on LLPs could be “a big hit” on the legal profession, the Law Society warned yesterday, with figures showing it would mean a 7% increase in the effective tax rate for partners.
Don’t be scared off by size of wellbeing challenge, lawyers told
Concerns about wellbeing in the law have been elevated to such a level that employers may feel overwhelmed by the thought of tackling it.
Government awards £1.75m to conveyancing data projects
Two projects that aim to speed up the home-buying process have received £1.75m in government backing from the Regulators’ Pioneer Fund.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
