CML warns of “fast and potentially drastic action” if indemnity limit is cut
The Council of Mortgage Lenders (CML) has warned that cutting the minimum indemnity limit for law firms could force lenders into taking “fast and potentially drastic action”.
SRA now licensing more than 300 ABSs
There are now more than 300 alternative business structures (ABS) operating in England and Wales under the supervision of the Solicitors Regulation Authority.
Information Commissioner sounds alarm over lawyers’ handling of personal data
The Information Commissioner’s Office has issued a warning to solicitors and barristers over the need to keep personal information secure, especially paper files, in the wake of “a number of data breaches” in recent months.
Rated insurers “may be reluctant” to offer lower indemnity limits
Rated insurers may be reluctant to offer law firms indemnity limits as low as the £500,000 proposed by the Solicitors Regulation Authority (SRA), a leading insurance broker has warned.
Solicitor turns to crowdfunding to back online contracts business
A young solicitor entrepreneur is seeking crowdfunding for an online documents business that will offer instant contracts via a mobile app and alert customers by e-mail to relevant law changes.
High Court overturns tribunal’s decision on barrister accused of concealing convictions
The High Court has quashed the decision of a Bar disciplinary tribunal, which resulted in a barrister being disbarred and fined £3,000, following accusations that he failed to disclose criminal convictions.
Irwin Mitchell launches IMe Law with esure
Irwin Mitchell has announced the launch of an alternative business structure (ABS) with online insurer esure, called IMe Law. The move is the latest in a series of ABS deals between insurers and law firms.
Solicitors accused of “bullying” barristers into accepting contracts
Solicitors have been accused of using “bullying” tactics to impose their own contractual terms on barristers.
SRA calls for evidence as indemnity deadline approaches
The Solicitors Regulation Authority (SRA) has issued a call for evidence on its indemnity insurance reforms, as the Legal Services Board (LSB) continues its deliberations on whether or not to approve a cut in the minimum cover limit.
Bar Standards Board to “research need for accreditation schemes”
The Bar Standards (BSB) has promised to research “the need for other quality assurance schemes and/or accreditation schemes” so the public can have confidence in barristers.
