Solicitors
Hanging on the telephone? You must be calling the SRA
Just 17% of the 71,000 calls made to the Solicitors Regulation Authority’s contact centre in the first quarter of 2013 were answered within the service level of 60 seconds, new figures have shown. There were also problems with the ethics helpline.
Law Society plots paralegal accreditation scheme
The Law Society will launch a paralegal accreditation scheme later this year for non-qualified staff working in organisations regulated by the SRA, it has emerged. It will be for all staff from secretaries to those with an LLB or LLB/LPC and no training contract.
SRA: we expect more large law firms to go under
More large law firms are expected to fail over next few years and the risk of theft of client funds is rising, the Solicitors Regulation Authority has warned. It has also speculated that in future indemnity insurance or even policies purchased by clients may need to cover the cost of intervening in firms.
SRA chief executive to stand down after seven years
The Solicitors Regulation Authority has announced that chief executive Antony Townsend will be stepping down later in the year. He will leave once his successor has been appointed, having been in charge since its inception in 2006.
SRA: new ‘growth duty’ could give rejected firms and individuals stick to beat us with
Government plans to subject regulators to a duty to have regard to growth could lead to challenges of any decision to refuse approval of a new law firm or alternative business structure, the Solicitors Regulation Authority has warned.
Last-ditch bid to delay QASA rejected as Deech argues for necessity of scheme
A last-minute Law Society bid to delay the controversial Quality Assurance Scheme for Advocates (QASA) until after the government’s consultation on price competitive tendering for criminal work was yesterday rejected by the Solicitors Regulation Authority.
“Pointless” consultation to set out SRA plan to pay soaring intervention costs from compensation fund
Solicitors Regulation Authority plans to consult on whether the cost of interventions in failing law firms should be borne by the Compensation Fund have been queried as pointless because there is no realistic alternative.
SRA survey: quarter of lawyers were privately educated
The inaugural diversity survey of people working in solicitors’ firms has found that more than a quarter of lawyers went to fee-paying schools – nearly four times the national average. Meanwhile, a review of law firms’ approach to diversity has found clients pushing the agenda.
SRA set to relax rules on non-material breaches as nearly 1,000 firms face COLP/COFA action
Requiring all 10,000 law firms to report non-material breaches to the Solicitors Regulation Authority is “unsustainable and cannot be justified”, the regulator’s board will be told today. Meanwhile, the number of firms and individuals facing action over COLP/COFA nomination failures has risen to 928.
SRA plans for ABS fining guidance branded “premature”
Solicitors Regulation Authority (SRA) plans to issue guidance on the financial penalties it will impose on alternative business structures (ABSs) and those working in them are premature, the Law Society has claimed.
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.
