Solicitors

The Solicitors Regulation Authority has warned law firms under financial pressure against becoming involved in schemes that “manage” the ban on referral fees or promote “improper” ways to avoid stamp duty land tax.

The Solicitors Regulation Authority needs to consider alternatives to intervening in failing law firms, the Law Society has said, while accepting the “emergency” need for the regulator to dip into the Compensation Fund to pay for the unexpectedly high cost of interventions this year.

The Solicitors Regulation Authority came under fire this week for the way it is enforcing the referral fee ban, with its director of policy and strategy unable to tell solicitors how many investigations it has started since the ban came into force seven weeks ago.

A Law Society survey finding that a growing number of senior solicitors think outcome-focused regulation places too heavy a burden on firms has drawn a rapid rebuttal from the Solicitors Regulation Authority.

The prospect of barristers boycotting the Quality Assurance Scheme for Advocates became almost certain on Saturday after all but one of more than 1,000 members of the South Eastern Circuit said they would refuse to sign up to it.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.