- Monday, 17 November 2014
The Competition and Markets Authority is considering whether to launch a review of the legal services market, it has emerged. It was a report in 2001 by its predecessor, the Office of Fair Trading, which began the process that led to the Legal Services Act 2007.
Tags: competition, Competition and Markets Authority, Legal Services Act, Legal Services Board, Office of Fair Trading
Posted in Latest news, Legal Services Board
- Monday, 21 January 2013
The Legal Services Board and Legal Services Consumer Panel have thrown their weight behind Friday’s Office of Fair Trading report that urged continuing simplification of the regulatory regime for lawyers, particularly around complaints.
Tags: Legal Ombudsman, Legal Services Board, Legal Services Consumer Panel, LeO, Office of Fair Trading
Posted in Consumer panel, Latest news, Legal Ombudsman, Legal Services Board
- Friday, 3 August 2012
It 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
- Thursday, 26 April 2012
Law firms and third-party funders will not be allowed to initiate group actions for breach of competition law – and such cases will be exempt from the move towards allowing solicitors to work on a contingency fee basis, under proposals published this week by the government.
Tags: competition, contingency fees, Litigation Funding, Office of Fair Trading
Posted in Latest news
- Thursday, 5 April 2012
The Legal Services Board yesterday rejected a bid to allow licensed conveyancers to conduct litigation and advocacy, after more than a year of consideration. It had run into fierce opposition from the Lord Chief Justice and the Law Society.
Tags: advocacy, Council for Licensed Conveyancers, Law Society, Legal Services Board, Legal Services Consumer Panel, litigation rights, Office of Fair Trading, reserved legal activities
Posted in Latest news, Legal Services Board, Other lawyers
News round-up: HighStreetLawyer.com expands, firm recruits COLP, will-writer training boost, and much moreFriday, 9 March 2012
Our regular round-up of bits of news you may have missed include new locations for the HighStreetLawyer.com network, a firm recruiting its COLP, firms launching joint ventures and targeted services, professional training for will-writers, money laundering warning, and more.
Tags: anti-money laundering, bar standards board, Chartered Institute of Legal Executives, claims management companies, COLP, compliance officer for legal practice, Institute of Professional Willwriters, joint ventures, Law Society, Legal Services Board, money laundering, Office of Fair Trading, will-writing
Posted in Latest news, News In Brief
- Wednesday, 1 February 2012
The government needs to provide further clarity and guidance on how the ban on referral fees will operate in practice, the Solicitors Regulation Authority has warned. Issues such as the definition of a referral fee need to be resolved.
Tags: Association of British Insurers, bar standards board, claims management companies, Financial Services Authority, Office of Fair Trading, personal injury, referral fees, Solicitors Regulation Authority
Posted in Latest news, Solicitors
- Thursday, 15 December 2011
The Law Society is targeting a fresh attack on before-the-event legal expenses insurers by seeking out a test case that aims to loosen their grip on policyholders’ choice of solicitor, it has emerged. The news comes as the Office of Fair Trading called for improvements in the way insurers sell the product.
Tags: Financial Services Authority, Law Society, legal expenses insurance, Office of Fair Trading
Posted in News
- Monday, 19 September 2011
The Solicitors Regulation Authority is formulating a whistleblowers’ charter and leniency scheme for those who reveal misconduct at law firms and alternative business structures, Legal Futures can report. Co-operation will be accepted as mitigation.
Tags: compliance, Financial Services Authority, Office of Fair Trading, Solicitors Regulation Authority
Posted in News, Solicitors
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.