Insight: Regulation & Compliance

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21 April 2015


The first in our quarterly Insight series looks at the regulation of legal services and how it is changing.

It explores different reactions to four fundamental changes the profession is having to grapple with this year – the end of hours-based professional development, the arrival of a real choice of regulator, changes to the Separate Business Rule and the Solicitors Regulation Authority’s plans to slim down the Accounts Rules and the Code of Conduct.

It finds that there is currently no consensus on the best way forward on any of these issues. Some believe solicitors, particularly in small firms, are burdened by too many rules, while other believe a lack of rules will only create huge amounts of guidance. Likewise, the Separate Business Rule has powerful advocates and equally determined opponents.

Even on ‘continuing competence’, there is no agreement on whether an hours-based approach is a good or bad thing. Meanwhile, as the number of legal regulators doubles to four, the heads of the Solicitors Regulation Authority, CILEx Regulation, the Bar Standards Board and Council for Licensed Conveyancers set out their stalls, giving us some idea where future battle lines will be drawn.


Legal Futures Blog

‘No, minister – CMCs are not the answer to your problem’

Qamar Anwar 2

Last month, MPs on the justice select committee asked minister Lord Keen what would happen when the government went ahead with its plan to raise the small claims limit for personal injury claims (from £1,000 to £5,000 for road traffic related claims and to £2,000 for everything else). As it is a jurisdiction in which lawyers do not generally operate – because legal costs are not recoverable – who might help claimants navigate what can still be a complex process? His answer, surprisingly, was claims management companies.

February 22nd, 2018