Directors from two legal businesses which generated £2.5m in fees by providing unregulated immigration advice have been fined nearly £17,000 and ordered to pay over £28,000 in compensation.
The Solicitors Regulation Authority and Council for Licensed Conveyancers have been given a clean bill of health by the Legal Services Board in its latest assessment of regulators’ performance.
There was a muted reaction to yesterday’s call from the Competition and Markets Authority for a review of legal regulation, with CILEx the most prominent supporter.
Transparency over referral fees in conveyancing work will drive out bad practice, a government official said yesterday, while also calling for greater consistency in how law firms publish their prices.
The Institute of Chartered Accountants in England and Wales is considering a new push to regulate reserved legal activities, three years after its last attempt was knocked back.
It was “fundamentally wrong” for Legal Services Board rules to force the Association of Chartered Certified Accountants to withdraw from legal services, another accountancy body has argued.
Compliance with the rules on price and service transparency is improving but a stubborn minority are facing disciplinary action, the Solicitors Regulation Authority has said.
The frontline regulators may be forced to fund the Legal Choices website if it is to reach its potential to become a “flagship consumer resource”, the Legal Services Board has hinted.
The Council for Licensed Conveyancers has attacked a planned partnership between CILEx Regulation and the Association of Chartered Certified Accountants.
Legal regulators will have to explain more clearly how they spend their practising certificate fees under revised rules proposed by the Legal Services Board.
The Association of Chartered Certified Accountants has decided to withdraw from legal services regulation and contract it out to CILEx Regulation, in the first move of its kind.
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.
Whilst many firms have made admirable leaps to improve diversity, both at board level and more broadly, one area of diversity that is less well-known or reported on is that of cognitive diversity.
HMCTS has embarked on an ambitious reform programme that has undeniably instigated significant progress in the modernisation of the criminal justice system.