LSB calls for equal pay audits amid worries about gender and race disparities
All legal services providers should undertake and publish equal pay audits, the Legal Services Board (LSB) has suggested – this would ideally be voluntary, “but only if it results in the changes needed”. It came in an LSB review of the evidence on equal pay.
Slater & Gordon eyes further UK expansion after half-year results show income on target
Slater & Gordon is set to grow its UK business after it announced its first half-year results since the takeover of Russell Jones & Walker. The listed Australian firm – now an ABS in England and Wales – posted a 46.5% increase in its revenue for the last six months of 2012.
Ombudsman warns of mis-selling risk around family law services
Innovation in family law services is working for consumers but could in time lead to mis-selling and hidden costs as complex financing and legal services structures emerge, the Legal Ombudsman has warned.
SRA’s red tape bonfire to move onto vexed question of non-material breaches
The Solicitors Regulation Authority is to revisit its policy on requiring firms to report non-material breaches to examine whether it amounts to an “unnecessary burden” on the profession. Its board yesterday approved the first 10 proposals in its red tape initiative.
LSB: much to do to make SRA’s performance satisfactory
The Solicitors Regulation Authority has “substantial work” to do before it can consider its performance satisfactory, including making its rules less prescriptive, the Legal Services Board said today.
LSB chief questions need for training contract and pupillage, and pushes for faster ABS process
A training regime whose only specification is what a newly-qualified lawyer should be able to offer on day one is the kind of deregulation the Legal Education and Training Review should be considering, according to the chief executive of the Legal Services Board.
Liverpool firm “open to external capital” as it gains ABS licence
A Liverpool firm that describes itself as “very open-minded” about external investment is one of a pair of firms to receive the latest alternative business structure (ABS) licences from the Solicitors Regulation Authority.
Ban on barristers expressing personal opinions on cases set to end
Barristers should soon be free to give their personal opinions on cases when the rule restricting them to voicing only clients’ views is finally lifted – four years after the change was first mooted. Their regulator said lifting the same ban on solicitors had not caused a problem.
Law Society set for confrontation with ICAEW over ABS application
The Law Society will challenge the application by the Institute of Chartered Accountants in England and Wales to become an alternative business structure regulator, Legal Futures can report. The question of separating regulation and representation is a key bone of contention.
Full distribution “on the wane” as big firms look to retain profit
The full distribution remuneration model is on the way out because law firms want to stockpile funds within the business, according to a survey. It is being phased out in favour of a more ‘corporate’ approach to bolster firms’ finances.
