- Friday, 9 June 2017
Two partners who acted both for former clients of a law firm shut down by the Solicitors Regulation Authority and for one of that firm’s solicitors have been fined by a disciplinary tribunal. However, they had to accept higher fines than had been agreed with the regulator to satisfy the tribunal’s view of the seriousness of their misconduct.
Tags: conflicts of interest, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
- Friday, 2 May 2014
Local authorities must have a “really clear rationale” before setting up ABSs to generate extra income, a leading public services lawyer has warned. Potential problems included conflicts of interest, confidentiality and indemnity insurance.
Tags: ABS, Alternative business structures, conflicts of interest, local authorities
Posted in Alternative business structures, Latest news
- Wednesday, 1 August 2012
Comparisons between the 2012 Olympics and the compliance officer for legal practice (COLP) nomination process are more obvious than you might think: both were years in the preparation, shrouded in mystery, beset by operational PR disasters and, ultimately, over in a flash. This month’s blog brings you live coverage of the five-month dash: that’s how long your COLP has to get the firm’s house in order before they become responsible for compliance. Like bog-snorkelling and extreme ironing, the five-month dash is a niche sport, unlikely to grace the Olympics, but pundits are predicting there’ll be a least 11,000 participants by the end of the year.
Tags: authorisation rules, client account interest, Client care, COLP, compliance, compliance officer for legal practice, conflicts of interest, equality and diversity, fee sharing, outsourcing, reserved legal activities, Solicitors Code of Conduct, Solicitors Regulation Authority
Posted in Blog
- Monday, 30 April 2012
The third edition of the SRA Handbook in just seven months has gone live after being approved by the Legal Services Board. A fourth edition in less than a year since the Handbook went live on 6 October 2011 should be necessary in June.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, conflicts of interest, immigration, insolvency, legal practice course, Legal Services Board, OFR, outcomes-focused regulation, sole practitioners, Solicitors Regulation Authority, SRA Handbook
Posted in Latest news, Solicitors
- Wednesday, 20 October 2010
The updated draft of the single Handbook that will govern both traditional law firms and alternative business structures from October 2011 is being unveiled today by the Solicitors Regulation Authority (SRA). This is the last opportunity to comment on it. The latest stage in the SRA’s move to outcomes-focused regulation also includes a call for the Legal Services Board to extend the definition of reserved legal activities to cover all “solicitor activities”.
Tags: ABS, Alternative business structures, conflicts of interest, Legal Services Board, outcomes-focused regulation, reserved legal activities, Solicitors Code of Conduct, Solicitors Regulation Authority
Posted in Alternative business structures, Legal Services Board, News, Solicitors
- Monday, 13 September 2010
Our weekly round-up of other useful news and articles highlights worries that criminals are targeting failing law firms, accountants wanting more of the legal services market, concerns over new conflicts rules, a call to change the terms of PII cover, the need for more ethics guidance around LPO and much more.
Tags: conflicts of interest, diversity, legal process outsourcing, LPC, LPO, marketing, professional indemnity insurance, Solicitors Regulation Authority, SRA
Posted in Market monitor, Solicitors
Planning for retirement
8 July 2020
In 2006 I started thinking about retirement whilst founding a boutique practice specialising in partnership and employment law. Ten years later, a friend told me that I would never be able to retire.
Time for a new regulatory settlement
3 July 2020
The problem with reform based on a compromise with vested interests is that it ends up being more pig’s ear than silk purse and the Legal Services Act 2007 is no exception.