The Solicitors Regulation Authority’s plans to reform professional indemnity insurance and the compensation fund put too much risk on consumers without any commensurate benefit, a watchdog has warned.
A leading claims management company fined £533,000 for multiple rule breaches – including its sales agents calling banks pretending to be customers – has lost an appeal against the sanction. The tribunal heard the call of an employee telling his grandmother that the CMC had changed its working practices for a regulatory audit.
Law firms will have to publish their prices for a range of consumer and business services, the Solicitors Regulation Authority has decided, but they will not have to put their complaints records in the public domain. It comes alongside research showing consumers particularly wanted information on price and quality before choosing a lawyer.
SRA completes Handbook rewrite by tempering plan to allow solicitors to set up shop on qualification
The Solicitors Regulation Authority has tempered its proposal to allow solicitors to set up their own law firms as soon as they qualify, as it unveiled the final wave of changes to its Handbook. This completes the two-year process of rewriting the handbook, which is set to be around 130 pages in total, more than 300 pages less than now.
The practising certificate fee for solicitors is set to be frozen this year, but contributions to bolster the Solicitors Compensation Fund are to more than double ahead of an expected rise in claims arising from their involvement in fraudulent investment schemes. The Law Society issued a consultation yesterday that laid out a proposed budget of £134.2m.
The Legal Services Board has approved an application by CILEx Regulation to license alternative business structures, which will now go to the Lord Chancellor for a final decision. If successful, the regulator of chartered legal executives will become the sixth ABS licensing authority.
Two barristers have had contrasting fortunes in appeals against high-profile sanctions imposed by the Bar Disciplinary Tribunal. While the High Court found that the tribunal had gone too far in suspending Roy Headlam for giving a client money, it upheld the reprimand handed out to Howard Godfrey QC for making “offensive” comments in court.
A dishonest solicitor who forged documents and stole clients’ mortgage payments after taking the reins of a law firm has been jailed for seven years and six months. Andrew John Davies, 34, was jailed at Bolton Crown Court having pleaded guilty to 42 charges including fraud, forgery and money laundering at an earlier hearing.
Sanctions for solicitor who posted offensive comments on Facebook and barrister who got clerk to lie
A solicitor who made offensive remarks in a private Facebook group has been rebuked and fined, while other unusual disciplinary decisions announced yesterday included a suspension for a barrister who got her clerk to lie about her availability for a hearing.
A law firm that topped the table for holiday sickness claims is among 27 claimant firms being investigated by the Solicitors Regulation Authority, it has emerged. A leading defendant solicitor said he was surprised to see the firm heading the list, because it was “not one we had pretty much ever heard of”.
It’s slightly tongue-in-cheek, but let’s see if we can design a business model that is doomed to struggle and which will ensure that we miss out on the profit and cash opportunities that come with providing high-value services at high prices in a near-monopoly situation.
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