Larger law firms face a new levy of £100-200 per £1m of revenue to support the government’s economic crime plan, under proposals outlined by the Treasury yesterday.
Progress by the legal regulators in understanding and tackling ongoing inequalities in the profession is “too slow” and lacks “strategic direction”, the Legal Services Board (LSB) has said. The oversight regulator said there were “fundamental shortcomings” in the collection of… Read More
A revised accounts code that expressly allows firms of licensed conveyancers to use third-party managed accounts has been approved by the Legal Services Board.
Legal regulators have reacted coolly to the recommendation of Professor Stephen Mayson that they be replaced by a single organisation, arguing instead the case for specialism.
A law firm shut down by its regulator last year has been ordered to pay former staff £375,000 for multiple employment law breaches.
The Bar Council and Bar Standards Board have announced a series of measures – including furloughing – to make savings of more than £200,000 to support the profession during the Covid-19 crisis.
Seven of the eight frontline regulators have “confirmed their continued commitment” to the Legal Choices website, despite the Solicitors Regulation Authority no longer wanting to run it.
The Legal Services Board is launching a formal review of the Bar Standards Board’s leadership and decision-making in the wake of its controversial decision to stop funding the Legal Choices website.
The Council for Licensed Conveyancers has become the first regulator to offer financial help during the coronavirus crisis, allowing the firms it regulates to defer the regulatory fees they pay.
Legal professionals involved in court and tribunal hearings, as well as those advising people deprived of their liberty or on executing wills are ‘keyworkers’, the Ministry of Justice has said.
There has been a “strong improvement” among the legal regulators in their approach to anti-money laundering, their oversight body has reported.
The Competition and Markets Authority has expressed concern that conveyancers’ advice to leasehold clients may be compromised by their relationships with developers.
The Legal Services Board is ramping up pressure on the Law Society, the Bar Council and other approved regulators over ensuring the independence of their regulatory arms.
Firms of licensed conveyancers will only be able to use third-party managed accounts if it is in each client’s best interests, their regulator has proposed.
The role of the conveyancer is undoubtedly going to change as much of the administrative side of the role becomes automated over the coming years, a new report has predicted.
BSB entities offer positive future for the Bar
3 August 2020
The chambers of the 17,000 or so practising barristers in England and Wales face, arguably, their greatest time of challenge and controversy since advocates first took up arms in the early 13th century.
My lockdown legacy – what will yours be?
30 July 2020
As we go back to work, we will not – and should not – forget the lessons we learnt during lockdown. I really hope that we drive change as a result and create a positive legacy for our industry.