Our weekly round-up of other relevant news from elsewhere finds alternative business structures on the minds of virtually everyone, whether in England, Scotland, Canada or the USA. If one theme emerges, it is that everyone is waking up to the threats and possibilities inherent in them.
This week’s round-up of other relevant news and comment on the web takes in reaction to our story on an aptitude test for LPC students, Professor Richard Susskind’s thoughts ahead of an updated version of his book coming out, fears of big financial pressures on law firms, a survey that shows solicitors think too much of their own reputation, and much more.
Our weekly round-up of other interesting regulation/Legal Services Act type stories begins with the Law Society Gazette’s ever-interesting Euro blog by Jonathan Goldsmith, secretary-general of Council of Bars and Law Societies of Europe. He looks at a European Commission consultation on how it can encourage e-commerce, with lawyers one of the key targets.
Only two approved regulators currently have open consultations – the Solicitors Regulation Authority on transitional arrangements to its new practising fee arrangements, and the Bar Standards Board on developing authorisation to practise arrangements
Legal education and training is not fit for today, let alone the future, and the approach of the main professional bodies to the need for greater accessibility and flexibility could not have been more different.
Since abolition of the common renewal date, practices have been free to choose when to renew their professional indemnity insurance. We estimate that around 30-40% now renew between March and April.