Tag Results
Law Society tells solicitors to ignore SRA’s financial services reform as IFAs threaten JR
Friday, 30 November 2012The Solicitors Regulation Authority’s decision to change the rules on recommending financial advisers to clients has come under fire from opponents, with the Law Society taking “the unprecedented step” of urging the profession not to follow the new provisions and IFAs threatening judicial review.
Tags: financial services, Financial Services Authority, Law Society, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA set to reject solicitor lobbying and change controversial referral rule
Tuesday, 27 November 2012The Solicitors Regulation Authority is to push ahead with controversial changes to the rules on referrals to financial advisers that will no longer preclude them from choosing those tied to particular institutions, despite opposition from the Law Society, SIFA and others.
Tags: financial services, Financial Services Authority, Law Society, Solicitors Regulation Authority
Posted in Latest news, Solicitors
ABS-in-waiting to double in size as non-lawyer backing prompts massive recruitment drive
Thursday, 22 November 2012The impact of non-lawyer investment into law firms came to the fore today as Liverpool personal injury practice Silverbeck Rymer announced plans to create 300 jobs over the next year and so more than double in size.
Tags: ABS, Alternative business structures, Financial Services Authority, Solicitors Regulation Authority
Posted in hrtraining, Latest news, Market monitor
Law Society urges SRA to hold the line on independent financial advice
Tuesday, 25 September 2012A Solicitors Regulation Authority proposal to scrap the ban on solicitors referring clients to tied financial advisers presents a “disproportionate risk” to both lawyers and clients, the Law Society has argued.
Tags: financial services, Financial Services Authority, Law Society, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Law Society calls on Cable to broker long-term peace agreement with lenders
Wednesday, 12 September 2012The Law Society has called on the government to lead a “mediated dialogue” with mortgage lenders to deliver “an amicable long-term solution” to the ongoing arguments over conveyancing panels. It has asked business secretary Vince Cable to intervene.
Tags: conveyancing, Council of, Financial Services Authority, Law Society, licensed conveyancers, mortgage fraud, separate representation
Posted in Latest news
Banks warn LSB off seeking to regulate them for will-writing and estate administration
Friday, 3 August 2012It is hard to see which of the frontline regulators would regulate banks if will-writing and estate administration become reserved legal activities, the British Bankers Association has said. It also said FSA regulation covered what the Legal Services Board was seeking to do.
Tags: estate administration, Financial Services Authority, Legal Services Board, Office of Fair Trading, reserved legal activities, Solicitors Regulation Authority, will-writing
Posted in Latest news, Legal Services Board
Financial services change “will spark massive rise in claims against solicitors”, SRA warned
Thursday, 2 August 2012Scrapping the ban on solicitors referring clients to tied financial advisers would “make them prey to every tied or multi-tied product salesperson in the land”, leading to massive claims on the compensation fund and negligence actions, the SRA has been warned.
Tags: financial services, Financial Services Authority, professional negligence, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Solicitors
SRA board warned over financial advice confusion
Monday, 9 July 2012Controversial proposals by the Solicitors Regulation Authority to end the requirement on practitioners to refer clients to independent financial advisers risk being misunderstood, a member of the SRA board warned last week.
Tags: financial services, Financial Services Authority, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA mulls dropping requirement on solicitors to refer clients to IFAs
Tuesday, 3 July 2012The Solicitors Regulation Authority is set to recommend dropping the controversial ban on practitioners referring clients to tied financial advisers. Solicitors would instead have to ensure that the client is involved in the decision-making process that goes into any referral.
Tags: code of conduct, financial services, Financial Services Authority, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA warned over ABS risk if it changes rules on referring clients to financial advisers
Wednesday, 13 June 2012Insurance companies could buy law firms and use them as conduits to sell their products to consumers if the Solicitors Regulation Authority changes the rules on referring clients to financial advisers, it has been warned.
Tags: ABS, Alternative business structures, financial services, Financial Services Authority
Posted in Alternative business structures, Latest news, Solicitors
Blog
Civil enforcement – progress at last with CJC report
‘When do I get my money?’ is a question that litigators acting for successful parties are used to fielding. The value of judgments is of course in the recovery made.
Paralegals: Progression and recognition are key to retaining talent
Many lawyers could not do their jobs without the support of paralegals and for law firms to remain competitive, paralegals need to be central to their business.
PII excess: a growing risk for consultant solicitors
As more solicitors choose to work as consultants, a concerning contractual trend has emerged – the passing of professional indemnity insurance excess liabilities onto consultants.
