- 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
Commercial success is the driving force for ambitious law firms and it should come as no surprise that many have a renewed determination to re-evaluate their businesses in the wake of Covid-19.
TV dramas have made many people think that the legal profession consists of heroes (or villains) in high-flying firms or public prosecution. In reality, nearly a quarter of solicitors work in-house.
Increasing demand for ‘hot’ areas of law inspires opportunist law firms to hire more specialists to add to their firepower – the right people at the right time. Yet this is a big ask.