Regulation

The Legal Services Board has no agenda for fundamental reform of the profession and would like to see a new era of co-operation between frontline regulators on matters of common interest, its chair David Edmonds told barristers last week.

Regulators should explore alternatives to conveyancers holding client money in a bid to tackle the risks of fraud, the Legal Services Board has recommended. However, it found regulators are working hard at the issue and that it need not intervene any further.

Innovations in legal practice are coming more from traditional law firms than from ABSs, the SRA said last week. Meanwhile, it will this week clarify the position of firms that have submitted COLP and COFA nominations but have not yet received approvals.

Only a handful of the 15,000-plus members of the Bar have disclosed information such as whether they went to public or state schools, in a snub to the chairs of the Bar and the Bar Standards Board (BSB) who had personally requested it.

Introduction of the controversial Quality Assurance Scheme for Advocates (QASA) has been delayed, it was announced today. It was meant to start at the end of January, but no new date has now been set as more details are worked out.

The Legal Services Board (LSB) has told the regulators it oversees that now is the time for them to prove they can deliver what is expected of them, warning that it will put their promises “to the test”. The LSB said its focus in 2013/14 will be on the performance of the regulators.

The new Bar Council chairman has pledged to work towards proving that the Legal Services Board is not needed. In a stinging attack, Maura McGowan QC warned that “it is not the function of a regulator to seek the total dismantling and restructuring of the system”.

The Council for Licensed Conveyancers has rejected Law Society calls for a ban on referral fees in conveyancing, although it is proposing to increase the disclosure requirements on firms. It found “little evidence of significant detriment” to consumers.

The Solicitors Regulation Authority has received “too many” compliance officer nominations where the individuals concerned have failed to disclose serious disciplinary issues that make them unsuitable for the role, as it warns that hundreds of firms will start 2013 without officers in place.

There are widespread failures among law firms to comply with a host of key regulatory requirements, from their websites to the Bribery Act, new research seen exclusively by Legal Futures has shown. The figures indicate that there is simply too much for small firms to comply with, according to its author.