Legal Services Act
BSB apologises for failing to review contractual terms and cab-rank rule
Vanessa Davies, director of the Bar Standards Board (BSB), has apologised “for any impression that may have been created that we do not take our regulatory obligations seriously” after the BSB failed to launch a review of the standard contractual terms and the cab rank rule.
IPS applies to raise fines limit for legal executives from £3,000 to £50m
ILEX Professional Standards (IPS) has applied to the Legal Services Board (LSB) to raise the maximum fines limit for chartered legal executives from the current £3,000 to a top level of £50m.
Unbundling – a necessity for consumers or risk to professional standards?
The potential for unbundling legal services to help consumers – and particularly litigants in person – is to be examined in a research project being commissioned by the Legal Services Board and Legal Services Consumer Panel.
BSB anticipating hundreds of barrister businesses after receiving entity regulation green light
The Bar Standards Board has doubled its prediction of how many entities it expects to be overseeing by the end of 2015 after receiving Legal Services Board approval to regulate businesses.
Exclusive: ABSs and other ‘NewLaw’ businesses form lobbying group
The first body to represent alternative business structures and other new-style legal practices has been launched, Legal Futures can reveal. The ABS & NewLaw Advisory Council is chaired by Jenny Beck of Co-operative Legal Services.
March of the accountants, part 3: EY gains ABS licence
The march of accountancy firms into legal services took a further step today when EY announced it had obtained a license from the Solicitors Regulation Authority (SRA) to set up an alternative business structure.
LSB may end SRA monitoring as turnaround time for ABS applications improves
The average time taken by the Solicitors Regulation Authority to approve alternative business structure applications has fallen to an average of three months, it has emerged. As a result the Legal Services Board may end its formal monitoring of the authority’s progress.
Quindell scotches report of major contract loss
Alternative business structure Quindell has quashed a news report of more problems for the AIM-listed company which led to a late dive in its share price yesterday. The share price was up sharply in early trading.
Better late than never: MoJ finally publishes report on litigants in person
The Ministry of Justice has finally published a report it commissioned on litigants in person – more than a year after it was submitted. The report criticised the Legal Services Consumer Panel for calling for greater recognition for paid McKenzie Friends.
LSB rejects plan to cut indemnity cover limit
The Legal Services Board (LSB) has rejected plans by the Solicitors Regulation Authority (SRA) to cut the indemnity cover limit for law firms from £2m to £500,000.
Terry relinquishes right to nearly 9m Quindell shares
Former Quindell executive chairman Rob Terry has formally lost his right to buy back nearly 9m shares in the company under the sale and repurchase agreement that led to his resignation.
Non-lawyers and clients set pace in legal market
Expertise from outside the profession is becoming a vital part of the success of law firms and clients are increasingly dictating the pace of change in the legal services market, a panel of non-lawyer industry experts has said.
“Unbalanced promotion of competition” puts lawyers’ ethical standards at risk
The “unbalanced promotion of competition” in the legal services market “carries dangers” and puts ethical standards at risk, a major report based on a survey of 966 solicitors and barristers has concluded.
Keystone Law outlines post-investment growth plans
‘Dispersed’ firm Keystone Law has set out an ambitious growth strategy for the firm in the wake of taking external investment, which will see it more than double the number of its offices.
Lawyers expect more MDPs and big brands to enter market – and they’re not happy about it
Lawyers expect the opening up of the legal market to lead to more multi-disciplinary professional services companies, offering consultancy, business and legal advice, research has shown.
Blog
AI in family law – drawing the line for clients and lawyers
AI is becoming increasingly intertwined with family law. Clients are using it to draft initial enquiries, prepare statements and, in some cases, to support themselves as litigants in person.
Why AI and leadership choices will define law firm profitability in 2026
Despite rapid advances in legal technology, the future of law will not be determined by software alone. It will be shaped by leadership decisions.
Legal director: an alternative to partnership
Firms are increasingly acknowledging the need for alternative senior roles – positions that offer influence and recognition without the obligations of ownership.
