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.
Associates should consider entrepreneurial “middle way”, futurologist advises
The Canadian futurologist who wrote a key report on ‘agile working’ in the legal profession, has issued a blueprint for law firm associates who aim to strike out on their own.
Smaller CMCs ‘hit hardest by market changes’
Smaller claims management companies (CMCs) have been hit hardest by market changes such as the ban on referral fees, it has emerged.
Lord Chancellors should be legally qualified, Lord Judge says
Lord Judge, the former Lord Chief Justice (LCJ), has told peers that Lord Chancellors should have “some legal qualification”.
PC fee still too high, solicitors tell Law Society
Solicitors believe the practising certificate (PC) fee is still too high, despite a cut of 17% approved by the Law Society council earlier this month, research has revealed.
Sole practitioners warn of “dire consequences” if indemnity limit is cut
Sole practitioners have warned of “dire consequences” if the Solicitors Regulation Authority (SRA) goes ahead with its plans to cut the minimum limit for indemnity cover from £2m to £500,000.
New Optima Legal chief outlines “market leader” plans
David Ashcroft, the new managing director of Optima Legal, has outlined his ambitions for the ABS to become a market leader in commercial property and debt collection services.
Boost for QualitySolicitors as owner takes control of conveyancing and probate group
Eddie Ross, chief executive of QualitySolicitors (QS) has said an investment decision by its private equity owners, Palamon Capital Partners, will enable it to “consolidate its position” as a national leader in conveyancing.
Most ABSs would “do things differently” if they applied again
A large majority of alternative business structures, 89%, would tackle their application differently if they applied to the Solicitors Regulation Authority (SRA) for a licence again, research has revealed.
