Regulation
Grayling promises crackdown on criminal law referral fees
Justice secretary Chris Grayling has promised criminal law barristers that the government will “take measures” to strengthen the Legal Aid Agency’s ban on solicitors demanding referral fees.
Law Society questions value of cab-rank rule
The Law Society has responded to a Bar Standards Board call for evidence on the cab-rank rule by questioning its “operational value”. A survey of solicitors who regularly use barristers found that only one person had actually invoked the rule.
CMCs which break the rules face huge fines
Claims management companies (CMCs) which break the rules this year face potentially huge fines – of up to 20% for those with an annual turnover of more than £500,000. Smaller CMCs can be fined up to £100,000.
SRA fines firm £2,000 for role in stamp duty avoidance schemes
A small firm in Hertfordshire has become the latest law firm to be fined by the Solicitors Regulation Authority for its involvement in stamp duty land tax (SDLT) avoidance schemes.
LeO: law firms should issue two retainers to consumer credit clients
Law firms should issue two separate retainers to clients where they are provided with consumer credit as well as purely legal services, the Legal Ombudsman has suggested.
Senior partner who became direct access barrister sets up alternative business structure
David Hassall, a senior partner turned barrister whose career mirrors recent changes in legal services, has set up an alternative business structure – which he intends to operate on a ‘John Lewis’ profit share model.
Failure to undertake CPD will be “aggravating factor” in investigations, SRA warns
Failure to undertake continuous professional development will be an “aggravating factor” when enforcement decisions are made against those guilty of incompetence, the Solicitors Regulation Authority has said.
Law Society fails to block Find a Solicitor negligence action
The Law Society has failed in a bid to block a High Court action against it for negligent misrepresentation, after a bogus solicitor got himself listed on the society’s Find a Solicitor website and stole money from a house purchaser.
Professor John attacks “unhelpful” BSB complaints report
A report for the Bar Standards Board, which concluded that the regulator handled cases involving ethnic minority barristers in a “transparent, consistent and fair” way, has been strongly attacked by equality expert Professor Gus John.
Barrister to appeal against BSB discrimination ruling
A barrister who claims she is the victim of racial discrimination by the Bar Standards Board has said she will appeal against last week’s High Court ruling that she has an arguable case but that it was brought out of time.
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.
