High Court strikes out barrister’s claim for compensation from BSB
A pioneering barrister who overturned a disciplinary tribunal ruling that she had conducted litigation in breach of the Bar’s then code of conduct, has lost her claim for compensation against the Bar Standards Board.
Big corporations can look after themselves, says SRA as it unveils fresh approach to regulation
Consumers of legal services do not all need the same level of protection and some of them, such as big corporations, might not need “any protection at all”, the SRA has said in a policy statement on its approach to regulation.
Review pushes criminal lawyers towards common training and smaller Bar
A future where would-be criminal law barristers train together with solicitors and work at law firms before joining a “smaller, specialist Bar” later in their careers was sketched out yesterday in the government-commissioned review of criminal advocacy.
LeO: make conveyancers answer to HMRC for stamp duty failings
The Legal Ombudsman (LeO) has suggested that conveyancers, rather than clients, should answer to HMRC when stamp duty payments fail to arrive.
End of the annual accountant’s report is nigh
The Solicitors Regulation Authority has unveiled plans to remove the requirement that firms have their client accounts reviewed by an independent accountant and submit an annual accountant’s report.
SRA bids to slash minimum PII cover to £500,000
The Solicitors Regulation Authority has called for the minimum level of indemnity cover firms must obtain to be cut to £500,000. The existing limits are £2m for traditional partnerships, or £3m for incorporated practices.
SRA aims to ease the path for MDPs
Non-reserved legal activities within multi-disciplinary alternative business structures should be taken out of regulation by the Solicitors Regulation Authority, it proposed yesterday.
Another unrated insurer “heading for liquidation”, says SRA – as it rejects ban
Another unrated indemnity insurer is “likely to be put into liquidation”, the Solicitors Regulation Authority (SRA) has warned. The news comes as the SRA announced that it will not introduce a ban on unrated insurers.
Now Quindell targets US listing as well
Alternative business structure Quindell’s bullish response to recent criticism has extended to the company now exploring the possibility of a dual listing in the US. However, Quindell’s share price has still to recover much of the ground lost in the last fortnight.
CLC “disappointed” with ministers on future of regulation
The Council for Licensed Conveyancers has become the first body to express disappointment with the Ministry of Justice’s announcement last week that it would not be making any major changes to the framework of legal regulation.
