Law Society warns of “significant risks” if foreign lawyers are passported into partnerships
The Solicitors Regulation Authority’s red-tape challenge could introduce “significant risks” if registered foreign lawyers are automatically allowed to become the owners and managers of smaller firms, the Law Society has warned.
SRA eyes quicker ABS application process as interest in MDPs strengthens
The Solicitors Regulation Authority is reviewing its approach to licensing alternative business structures one year on from the start of the regime, with a much speedier process for low-risk entities one of the likely outcomes, Legal Futures can reveal. It has also reported increasing interest in multi-disciplinary practices.
CILEx and CLC confirm bids to become will-writer regulators
The Chartered Institute of Legal Executives and Council for Licensed Conveyancers have thrown their hats into the ring to regulate will-writers, amid further criticism of the Legal Services Board’s decision not to extend regulation to estate administration.
SRA: evidence contradicts “popular myth” that conveyancing is low-value work
The “popular myth” that conveyancing is low value is not borne out by the evidence, the Solicitors Regulation Authority has found. But property work is continuing to cause the regulator problems, with stamp duty land tax schemes and ‘right to buy’ negligence litigation firmly on its radar.
Court of Appeal: solicitor not liable for fellow partner’s fraud
A lender has lost its appeal against a High Court ruling that said a solicitor was not liable for its loss in a £2.5m mortgage fraud perpetrated by her former partner because she was not aware of the misrepresentations he made.
Mid-Staffs scandal highlights dangers of defensive culture in the law, says consumer chief
A culture of defensiveness among lawyers risks the sort of regulatory failure that occurred in the Mid-Staffordshire Hospital Trust patient neglect scandal – and legal regulators must take heed, the head of the Legal Services Consumer Panel has warned.
LSB formally requests government to regulate will-writing – but not estate administration
The Legal Services Board (LSB) will today formally recommend to the Lord Chancellor that will-writing – but not estate administration – should be regulated legal work. The LSB had initially intended to include estate administration.
Consumers, solicitors and will-writers hit out at LSB decision on estate administration
Consumers, solicitors and will-writers have united to condemn the Legal Services Board’s decision not to recommend to the government that estate administration become a regulated activity. However, chartered accountants have welcomed it.
Law Society chief: failure to embrace flexible working holding back partnership diversity
Only a third of large firms who are signed up to a Law Society diversity charter – including three-quarters of the top-100 – have adopted flexible working, which helps explain why their partnerships remain “overwhelmingly white, heterosexual, male and able bodied”, the society’s president has complained.
Leading merger broker enters the law after striking deal with ABS consultancy
A leading merger broker has entered the legal market after joining forces with specialist advisory firm Invest in Law, Legal Futures can reveal. Langcliffe Merger Connect, which spun out of accountancy firm RSM Tenon last year, said it wanted to capitalise on the increasing M&A activity in the sector.
