Consumers not empowered enough to drive competition in legal market, says study
Regulators face an “uphill struggle” to put consumers in a position where they can be useful in helping to driving competition in the legal market, a study has warned. The Legal Services Consumer Panel suggested consumers are “currently not very empowered” and lack confidence.
Cherie Booth’s international government consultancy wins ABS licence
An international boutique legal consultancy headed by Cherie Booth QC, which advises governments on strategy, has received an alternative business structure licence from the Solicitors Regulation Authority. Omnia Strategy hit the headlines last year when it was reported to be advising the government of Bahrain.
Stress dominates calls to LawCare as charity outlines concerns over alcohol danger
Stress continues to dominate calls to legal healthcare charity LawCare, and this in turn leads some lawyers to alcoholism later in their careers, its review of 2012 has said. More than two-thirds (69%) of the 378 case files opened last year related to stress.
Government seeks to overturn Lords vote bringing bailiffs within LeO's remit
The government is to try and overturn a House of Lords vote that the Legal Ombudsman’s (LeO) jurisdiction should extend to bailiffs – although the ombudsman himself has said he is open to the idea. Shortly before Christmas, peers voted 233 to 191 in favour of an amendment to the Crime and Courts Bill.
ABS first as individual non-lawyers invest in firm
The first law firm with individual non-lawyer investors has been granted its alternative business structure licence. Everyman Legal – which both employs lawyers at its Oxfordshire base and has developed a network of home-working solicitors around the country – has six private investors who will shortly become shareholders of the firm.
Hogan Lovells and 39 Essex Street survive as LSB rejigs its legal advisers panel
The Legal Services Board has rejigged and expanded its legal advisers panel, although its two previous main sources of external advice – City firm Hogan Lovells and London chambers 39 Essex Street – have retained their places on it.
Top north-west firm targets external investment after ABS licence provides platform to expand
Leading north-west firm Stephensons is seeking external investment as part of its plans to expand beyond the region after receiving its alternative business structure licence from the Solicitors Regulation Authority. Other new licencees include a firm looking at MDPs and one mulling trade union tie-ups.
SRA drops ‘group licensing’ approach for firms operating overseas
The Solicitors Regulation Authority (SRA) has abandoned plans to impose a group-wide approach to the regulation of firms which engage in activities overseas as it launched a second consultation on amending the SRA Handbook in relation to international practice.
Brilliant ABS start-up goes live, while debt recovery firm targets legal work
Brilliant Law has become what it says is “the first true pure bred alternative business structure (ABS) start-up” and is offering to help other ABS applicants on a fixed-price basis. Meanwhile, a debt recovery business has received an ABS licence so that it can now offer the associated legal work.
90% of COLPs and COFAs in place, but 1,000 firms miss 1 January deadline
Nearly 90% of firms had their compliance officers in place for the start of the new regime yesterday, with the rest either yet to have their nominations approved or, in the case of 194 firms, failed to complete the process at all.
