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Experts call for urgent reform of rules on taking over failing law firms
Tuesday, 25 January 2011Rules governing law firms’ ability to acquire the case loads of failing firms should both be relaxed and made more certain for the benefit of the profession and clients, insolvency and legal experts have argued.
Tags: Solicitors Regulation Authority, successor practices
Posted in Indemnity insurance, News, Solicitors
Blog
From templates to culture change: Lessons from the SRA on source of funds
The SRA’s new thematic review into source of funds and wealth reveals both progress and persistent blind spots, with source-of-funds checks too often thought of as a procedural hurdle.
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
