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IPReg set for ABS licensing authority application
The Intellectual Property Regulation Board (IPReg) is set to apply to become an alternative business structure licensing authority, it has emerged. A scoping document published last week lays out the process required to be designated in October 2013.
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.
"Unprecedented rise" in number of students training to become costs lawyers
The number of people choosing to train as a costs lawyer has almost doubled during 2011 as the impact of several major forces – including the Jackson reforms and the Legal Services Act – are felt in the costs sector, the Association of Costs Lawyers has reported.
Licensed conveyancers unveil rival to CQS amid warning that lenders are becoming backdoor regulators
The body representing licensed conveyancers has launched a quality assurance scheme uniquely linked to their regulator in a bid to help detect mortgage fraud. The move by the Society of Licensed Conveyancers goes significantly further than the Law Society’s Conveyancing Quality Scheme.
New legal regulator takes the reins
The professional standards of costs lawyers will in future be independently assured after the Costs Lawyer Standards Board this week became their approved regulator. They can become partners in LDPs and are within the Legal Ombudsman’s jurisdiction.
High Court winds up "objectionable" will-writing businesses
Three companies involved in the provision of will and trusts were wound up in the High Court last week, following an investigation by Company Investigations, part of the Insolvency Service. They used telesales staff to cold-call consumers to persuade them to accept a home visit.
Exclusive: top conveyancing practice becomes the first ever ABS
Legal Futures can reveal that Premier Property Lawyers – one of the largest conveyancing businesses in the country – has today become the first ever alternative business structure as the new regime finally gets underway.
Bid to shut down will-writing companies as LSB launches regulation evidence call
The Insolvency Service last week presented petitions to wind up three will-writing businesses. The news comes as the Legal Services Board issues a call for evidence on whether to make will-writing, the entire probate process and estate administration reserved legal activities.
Will-writers face conduct compliance checks
The Society of Will Writers is stepping up efforts to position itself as the regulator of the industry by introducing compliance checks against its new code of practice. The SWW is the largest will-writing body with 2,000 members.
CLC hits back at Lord Chief Justice and Law Society opposition to new rights
The Council for Licensed Conveyancers (CLC) has hit back at opposition from the Lord Chief Justice and the Law Society to its application to grant rights to conduct advocacy and litigation. The Legal Services Board is currently considering the CLC’s application, and as one of its statutory consultees, the Lord Chief Justice Lord Judge has expressed his total opposition.
ILEX is first to receive LSB clean bill of health on regulatory independence
The Institute of Legal Executives is the first approved regulator to receive a clean bill of health for its internal governance arrangements for 2011. The Legal Services Board is currently reviewing the regulatory independence certificates submitted by each approved regulator where there is also a linked representative body. There is no news yet on either the Law Society or Bar Council’s certificates.
Second will-writer body bids to regulate sector
The Society of Will Writers has become the second trade body to announce its bid to regulate the profession if required. After the Legal Services Consumer Panel said will-writing should be regulated, the society said a system could be introduced “very quickly and cheaply with the profession bearing the bulk of the cost”.
Institute of Professional Willwriters throws hat into ring to regulate wills market
The Institute of Professional Willwriters (IPW) will apply to become a regulator of will-writing services should the Legal Services Board decide to make it a reserved activity, it has confirmed. It called on the board and the government “to take prompt action to implement the recommendations” of today’s consumer panel report.
A single regulator for all lawyers post-ABS is “logical and plausible”, says LSB report
A single regulator for all legal services is “logical and plausible”, but not inevitable, a report for the Legal Services Board has concluded. Former Ministry of Justice official Nick Smedley argued that the existence of multiple regulators “focused on the differences of individual practitioners” is unlikely to be relevant in a post-alternative business structures market.
Treasury confirms plan to decriminalise minor money laundering rule breaches
The Treasury is set to abolish more than two dozen money laundering offences that can penalise lawyers for minor rule breaches, it has confirmed, but they could be replaced with extra powers for regulators. Very small businesses could even be exempted from the rules altogether.












