LSB chair: regulators need to help push down cost of legal services
More needs to be done to reduce the cost of legal services to meet the needs of small businesses and people who are neither wealthy nor eligible for legal aid, the chairman of the Legal Services Board has said in his first public speech.
MPs approve probate and conveyancing rights for legal executives
The Chartered Institute of Legal Executives (CILEx) has won the approval of the House of Commons to grant rights to conduct reserved probate and conveyancing work.
Quindell claims libel “victory”
Outsourcing giant Quindell has claimed victory in a libel action against Gotham City Research, an American company which triggered a collapse in Quindell’s share price by publishing a highly critical report.
SRA stands firm on indemnity cover cut
The Solicitors Regulation Authority (SRA) has hit back at criticism from the Legal Services Board (LSB) over its plans to cut the minimum compulsory cover for law firms from £2m to £500,000.
Mayson: Legal Services Act heading for “knacker’s yard”
The “flaws and limitations” of the Legal Services Act are “all too apparent” and, as every year goes by, it is moving closer to “the regulatory equivalent of the knacker’s yard”, Professor Stephen Mayson has said.
Slater & Gordon moves into East Midlands with Flint Bishop deal
Slater & Gordon has unveiled the next stage of its expansion, targeting the East Midlands after its latest acquisition enabled it to open an office in Derby.
SRA joins National Crime Agency in crackdown on solicitor money laundering
The Solicitors Regulation Authority (SRA) is launching a crackdown on money laundering today, in conjunction with the National Crime Agency (NCA).
LSB: accountant will investigate PC fee spending
The Legal Services Board is to hire an external accountant to examine how the Law Society and other regulators spend money raised through compulsory practising certificate fees.
NewLaw’s “encouraging” start to life as part of listed company
Pioneering alternative business structure NewLaw has made “an encouraging start” to life under the ownership of accident management business Redde plc, the company said yesterday, with profits of £2.1m in its first four months.
Personal injury to blame for Co-operative Legal Services losses
Falling revenue from personal injury work is the reason for the £5.1m loss announced by Co-operative Legal Services (CLS) yesterday, managing director Matt Howells has said.
