Legal Services Act
LSB puts Law Society on report after SRA complains about independence threat
The Legal Services Board has activated statutory powers that require the Law Society to provide monthly reports on whether it is complying with rules that are meant to ensure the independence of the Solicitors Regulation Authority.
Legal Services Board in first group of quangos subject to new government review process
The Legal Services Board is in the first tranche of quangos subject to a new triennial review process, Cabinet Office minister Frances Maude announced last week. It will review whether the board’s functions are required and other tests of continuing relevance.
Ombudsman tells "phoenix" firms: you can run, but you cannot hide
The Legal Ombudsman has warned “phoenix” law firms that seek to avoid the consequences of their actions by closing down and reopening – and even changing regulators – that it can still pursue them for past complaints.
Legal Services Board levy set to fall as it reins in costs
The Legal Services Board is planning to reduce its levy on the legal profession by 9% next year, it announced yesterday while outlining its plans for 2012/13 and wider strategic objectives for the next three years.
LeO fights off first judicial reviews of ombudsman decisions but five more are in the wings
The Legal Ombudsman has successfully fought off two judicial reviews against its decisions, with a further five currently going through the court process, Legal Futures can reveal. The SRA has also fought off the two JRs of its new qualified lawyer transfer scheme.
News in brief: Admiral Insurance "eyeing ABS", SRA referral fee summit, Jackson update and more
Our regular round-up includes reports that Admiral is considering becoming an ABS, the SRA starting work on the referral fee ban, Labour’s latest LASPO amendments, the Information Commissioner mulling powers to force law firm audits, and a warning over getting involved in land-banking.
Companies look at ABS switch to profit from in-house teams
A number of companies are looking at registering their legal departments as alternative business structures (ABSs) in a bid to turn their in-house function into profit centres, it has been claimed. But there are difficulties to be addressed.
Survey: home-movers not keen on big brands for conveyancing – high street solicitors do the job
Consumers are generally happy with high street conveyancers and by contrast very cool about the idea of going to a big brand to help them move house, a major new opinion poll has found. YouGov surveyed 1,959 people who had bought a house in the last two years.
Co-op plans immediate ABS application
Co-operative Legal Services has confirmed that it intends to submit its bid to become an alternative business structure on 3 January 2012 – the day the Solicitors Regulation Authority will begin accepting applications.
PwC to explore option of becoming an ABS and absorbing its legal arm
Big four accountancy firm PwC is to explore whether to absorb its associated law firm and become an alternative business structure. Legal services is the one area of the firm’s work where it is not able to operate as a totally integrated practice.
Blog
The SRA needs to admit it got it wrong about SLAPPs
The High Court judgment in Ashley Hurst v SRA in January raises serious questions about the regulator’s approach to allegations of SLAPP-like behaviour.
Why menopause support belongs on every law firm’s agenda
Progression in the law slows significantly as women approach senior leadership. Most will be at the height of their careers around the average age menopause symptoms begin.
Law firms need to go beyond document checks
At the root of every failed compliance review is a familiar phrase: a calm assertion of “but we did a document check”.
