Legal Services Act
SRA bid to regulate the unregulated blocked – for now
The Legal Services Board has put a temporary block on plans by the Solicitors Regulation Authority to widen its net to cover providers that do not need to be regulated. It said the reforms “could be seen as a significant shift in the regulation of legal services”.
Leading criminal silk part of chambers’ group setting up ABS
The barrister who defended one of the killers of Drummer Lee Rigby is involved in setting up an alternative business structure (ABS) with another member of his chambers and two senior staff.
ABS update: NewLaw owner completes acquisition while Metamorph Law plans five deals in 2016
The listed company that owns NewLaw Solicitors has completed its acquisition of a fleet accident management group that itself has a joint venture alternative business structure (ABS) with NewLaw. Meanwhile, would-be ABS Metamorph Law will shortly have a £4m warchest that will enable it to buy at least five firms next year.
Join them to beat them: Law Society urges firms to use ABS to compete with accountants
Rather than feeling threatened by accountants’ move into legal services, law firms should set up alternative business structures (ABS) and compete with them, the president of the Law Society has said. Jonathan Smithers said: “The success of ABS to date indicates that clients are generally not concerned about sourcing their legal services from non-lawyers.”
SRA: clients may not need “detailed information” where work is referred to firms’ separate businesses
Clients may not need detailed information about separate businesses when work is referred to them by their law firm owners, the Solicitors Regulation Authority has said. The Legal Services Consumer Panel has warned that the new separate business rule could leave consumers in the dark.
Insisting on a 2:1 degree for barristers “could discriminate against BAME students”
Insisting on an upper second class degree for future barristers could impose a “discriminatory burden” on BAME students, who are less likely to obtain them, a leading academic has argued in response to a Bar Standards Board consultation that raises the possibility.
Now Office for Legal Complaints tells MPs: former chief ombudsman WAS dismissed
Former Chief Legal Ombudsman Adam Sampson was dismissed with notice from his post, the Office for Legal Complaints has now said – having previously indicated that he was not. However, Mr Sampson is maintaining his position that he resigned and served out his six-month notice period.
ICAEW’s alternative business structure licences hit 100
The number of alternative business structures licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) has hit 100, it has emerged. A further 47 firms have been authorised to provide probate services.
Former City solicitor to take charge at Legal Services Board
A former City solicitor has been appointed as the new chief executive of the Legal Services Board – the first lawyer to hold the post. Neil Buckley, who spent eight years at Sinclair Roche & Temperley (now part of Stephenson Harwood), joins in January from Ofcom.
Separate business rule reform could leave consumers “in the dark”
Solicitors who refer consumers to their unregulated businesses under the revised separate business rule may obtain consent to do so, but there is a serious risk that it will not be informed, a member of the Legal Services Consumer Panel has warned.












