Legal Services Act
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.
Comparison sites sign up to consumer panel’s good practice standards
Two comparison websites have become the latest to sign up to the groundbreaking good practice standards pioneered by the Legal Services Consumer Panel.
CMCs to pay up to £40,000 each to benefit from Legal Ombudsman
Claims management companies will have to pay a separate ‘Lord Chancellor’s complaints fee’ of up to £40,000 on top of their annual regulation fee with the shift in complaints handling from the Ministry of Justice to the Legal Ombudsman.
LSB to put heat under approved regulators over how they spend practising fees
The Legal Services Board is to tell the approved regulators that they must consult those they regulate about setting the level of practising fees beyond what is needed simply for regulation, it has emerged.
Withers bids to lure entrepreneurs with fixed-fee start-up kit and host of extras
Leading private client firm Withers has launched a programme including start-up legal advice and magazine subscriptions aimed at helping entrepreneurs grow and protect their businesses.
Self-proclaimed entrepreneurial lawyers spearheading change
Solicitors who consider themselves entreprenerial are proving much more active in changing the way they practise law, new research has suggested. However, only 22% of those polled said they believed the introduction of ABSs was a “positive”.
Big corporations can look after themselves, says SRA as it unveils fresh approach to regulation
Consumers of legal services do not all need the same level of protection and some of them, such as big corporations, might not need “any protection at all”, the SRA has said in a policy statement on its approach to regulation.
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.
