Latest news
Reports of bogus law firms hit new high
More than 700 reports of bogus law firms were made to the Solicitors Regulation Authority in 2014, an annual increase of over 25%, its latest risk update has revealed.
Regulation round-up: consumers to have 12 months to complain to LeO, plus SRA, LSB and IPS news
The six-month time limit for clients to complain to the Legal Ombudsman (LeO) is to be doubled from this summer, it has announced. The new time limit, which takes effect from 9 July, runs from the date of receiving a final response from the lawyer.
SRA warns litigators not to become “hired guns”
Litigation solicitors were today warned by their regulator not to prioritise the client’s interest over their other duties, stressing that they are not “hired guns”. Balancing conflicting pressures in litigation was an occupational hazard for solicitors.
Law firm welcomes jailing of former partner who stole from probate clients
A Herefordshire law firm has welcomed a two-year jail sentence imposed on a former partner who tried to cover up her theft of £50,000 from probate matters by placing fake letters and copy cheques on their files, and making false entries in client ledgers.
Escape for Olswang as High Court punishes naming error
The High Court has allowed media law firm Olswang to escape being named as a defendant in a $400m (£267m) claim relating to work completed before the partnership converted to LLP status when it upheld a refusal to correct a mistake in naming it as a party.
Paralegal hopes to be first solicitor admitted through ‘equivalent means’ route
Paralegal Shaun Lawler has said he hopes to be the first solicitor admitted to the profession through the ‘equivalent means’ route rather a traditional training contract.
Law Society sets out groundrules for offering unbundled services
There is a wide range of practice areas where solicitors can offer unbundled legal services, from actions against the police to civil litigation, the Law Society has suggested. It said firms could also use paralegals to act as McKenzie Friends in court.
MoJ faces more cuts as government promises to improve SME access to legal services
Further cuts loom at the Ministry of Justice next year under government spending plans announced in yesterday’s Budget. But the government also promised to improve education for SMEs on legal services.
SRA investigates two firms amid indemnity insurance concerns
The Solicitors Regulation Authority (SRA) is investigating two law firms which it said should have closed at the end of last year, having failed to find indemnity insurance.
No evidence of regulatory risks from online divorce, research finds
There is no evidence of online divorce leading to regulatory risks, joint research by the Legal Services Board and Legal Services Consumer Panel has found. The report found high levels of satisfaction with face-to-face legal advice (79%) and online (83%).
Blog
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.
The power of participation for trainees and apprentices
It’s important as a trainee or an apprentice to get involved in the life of your firm – even under the pressure of discovering how to navigate professional life and now the demands of the SQE.
