- Wednesday, 25 May 2016
Law Society spending on non-regulatory ‘permitted purposes’, such as law reform and practice support, surged by £6.3m in the four years between 2010 and 2014, research by the Legal Services Board has revealed. The research was part of the LSB’s investigation into the cost of legal services regulation.
Tags: Bar Council, Law Society, Legal Services Board, PC fees
Posted in Barristers, Latest news, Legal Services Act, Legal Services Board, Solicitors
- Thursday, 18 February 2016
The Legal Services Board has said it expects the cost of regulating lawyers to be “going down, not up” as it approved a minor increase in the cost of practising for barristers. It said barristers should be given “much greater information” about how their money is spent.
Tags: Barristers, Legal Services Board, PC fees
Posted in Barristers, Latest news, Legal Services Board
- Friday, 12 February 2016
The Legal Services Board has set out plans allowing it to study in more detail spending by approved regulators, such as the Law Society and Bar Council, before it approves their practising fees. The LSB warned in November of a “potentially high-profile and contentious” dispute with Chancery Lane over the use of fees.
Tags: Law Society, Legal Services Board, PC fees
Posted in Latest news, Legal Services Act, Legal Services Board
- Wednesday, 18 March 2015
Many lawyers, particularly solicitors and barristers, complain about their practising certificate (PC) fees, but there are high levels of ignorance about what they are paying for, a major cost of regulation survey has found.
Tags: ILEX Professional Standards, Legal Services Board, money laundering, PC fees, Solicitors Regulation Authority
Posted in Barristers, Latest news, Legal Executives, Legal Ombudsman, Legal Services Act, Legal Services Board, Other lawyers, Solicitors
- Monday, 15 September 2014
The Bar Standards Board (BSB) is not expecting the introduction of entity regulation to lead to many barristers joining forces in a single business, it has emerged.
Tags: bar standards board, entity regulation, PC fees
Posted in Alternative business structures, Barristers, Latest news, Regulation
In the absence of full-scale office-based working, law firms and corporate legal departments will need to find new ways of ensuring collaboration and knowledge sharing among their legal professionals.
What the pandemic has brought into sharp focus for firms is a desire to reduce costs. In 2019, research found cost reductions were last on a long list of priorities for firms; now they are near the top.