- Monday, 14 December 2015
The Law Society has condemned plans by the Solicitors Regulation Authority to revolutionise the training of solicitors, warning that they could “promote nepotism” and favour “wealthier students”. The plans include introduction of a Solicitors Qualifying Examination.
Tags: Education and training, Law Society, Solicitors Regulations Authority
Posted in Latest news, Regulation, Solicitors
- Thursday, 27 November 2014
The Legal Services Board (LSB) has rejected plans by the Solicitors Regulation Authority (SRA) to cut the indemnity cover limit for law firms from £2m to £500,000.
Tags: indemnity, LSB, Solicitors Regulations Authority
Posted in Latest news, Legal Services Act, Legal Services Board, Regulation, Solicitors
- Friday, 18 July 2014
The Solicitors Regulation Authority (SRA) has reminded the Legal Services Board (LSB) of its decision to allow accountancy firms wanting to carry out legal work to have minimum indemnity insurance cover of £500,000, in a bid to head off concerns about its move to reduce the level for solicitors.
Tags: ICAEW, Institute of Chartered Accountants, Legal Services Board, professional indemnity insurance, Solicitors Regulations Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors