Other lawyers
FCA: “Widespread poor practice” in CMC advertising
The Financial Conduct Authority has found “widespread poor practice” in the advertising put out by claims management companies, and begun taking action to address it.
Cross-regulator IP law firm merger breaks new ground
A law firm regulated by the Intellectual Property Regulation Board has merged with one regulated by the Solicitors Regulation Authority, in what is believed to be the first deal of its kind.
Cry freedom: New rules “strengthen regulators’ independence”
The Legal Services Board has finalised revised rules to ensure clearer separation of regulatory and representative functions at bodies like the Law Society and Bar Council.
Consumer panel urges regulators to publish complaints data
The Legal Services Consumer Panel has criticised legal regulators’ continuing “resistance” to publishing complaints data about the lawyers they oversee.
Immigration regulator has “deep concerns” about SRA reforms
The immigration regulator has expressed its “deep concern” at the rules that will allow practising solicitors to operate from unregulated businesses.
“Formal periodic reaccreditation” for lawyers back on the table
The Legal Services Board is set to begin work on a a review of continuing competence that will revisit the possibility of formal periodic reaccreditation for lawyers.
Regulator considers cap on fees charged by personal injury CMCs
The Financial Conduct Authority is to explore whether to use its power to cap the fees charged by personal injury claims management companies, it has emerged.
Men twice as likely to run CLC-regulated firms as women
Men are twice as likely as women to be in managerial roles at law firms overseen by the Council for Licensed Conveyancers despite women making up 74% of the licensed conveyancer community.
Need to swear an oath? Soon you can ask an accountant
David Gauke, the Lord Chancellor, has decided to allow the Institute of Chartered Accountants in England and Wales to regulate the administration of oaths.
Licensed conveyancers set for practising fees cut
The body that regulates licensed conveyancers is looking at steep reductions in the cost of practising, arguing that “good regulation does not have to come with an onerous price tag”.
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.
