- Wednesday, 24 September 2014
The Solicitors Regulation Authority has reined in its ambitions for massive internal powers to fine solicitors and ‘traditional’ law firms, applying to increase the current £2,000 limit to £10,000.
Tags: ABS, Alternative business structures, fining powers, Legal Services Act, Legal Services Board, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
- Wednesday, 12 February 2014
A consultation on a fresh attempt by the Solicitors Regulation Authority to increase its powers to fine law firms has closed with familiar battle lines drawn, with the Legal Services Board backing the move and the Law Society opposing it.
Tags: fining powers, Law Society, Legal Services Board, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Legal Services Act, Legal Services Board, News
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.