- Thursday, 23 July 2015
There are a lot of things that lawyers and the government do not agree about. One area where they do, generally speaking, is the need for deregulation. The ‘legal regulators’ (this now includes the Institute of Chartered Accountants in England and Wales) were keen to show just how much they agree in the three reports sent by the Legal Services Board to justice minister Shailesh Vara this week.
Tags: client accounts, Legal regulators, Solicitors Regulation Authority
Posted in Blog
- Tuesday, 21 July 2015
Banks may charge law firms more for borrowing if they abandon their client accounts, the legal regulators have warned. A report submitted to justice minister Shailesh Vara highlighted both the dangers and benefits of allowing choice on whether to handle client money directly.
Tags: client accounts, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Act, Legal Services Board, Regulation
- Tuesday, 16 June 2015
The Law Society has launched a sustained attack on plans by the Solicitors Regulation Authority to introduce third-party accounts, allow referral fees in legal aid cases and remove the requirement on firms to carry out reserved activities.
Tags: client accounts, Law Society, referral fees, reserved activities, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
- Friday, 24 April 2015
Plans to offer solicitors the option of a “third-party managed accounts” instead of the traditional client account have divided opinions, with some criticising a lack of detail and questioning whether the move would reduce fraud.
Tags: accounts rules, client accounts, Solicitors Regulation Authority
Posted in Accounts rules, Latest news, Regulation, Solicitors
Some 12 years on from its first published research, the Society of Trust & Estate Practitioners has published a new report: Wills and Trusts – Buyers Beware.
The long march of lawyers across Europe continues apace more than 50 years after US law firms, together with their City counterparts, first opened offices in Paris and Brussels.
Where budgets are tight, lawyers will be considering what’s in their existing arsenal to still improve productivity. One effective, accessible and cheap tool is legal project management.
Hudgell Solicitors donates £10,000 to charity Day One Trauma Support for emergency grants to help families of seriously injured