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SRA attacks “disproportionate and unnecessary” money laundering regulations
Thursday, 20 April 2017New anti-money laundering regulations planned by the Treasury would impose “disproportionate and unnecessary” burdens on law firms, the Solicitors Regulation Authority has warned. It was particularly unhappy about a ‘criminality test’ for lawyers.
Tags: money laundering, Solicitors Regulation Authority, Treasury
Posted in Latest news, Regulation, Solicitors
Separation would be better for both of us, SRA leaders tell Law Society
Thursday, 3 December 2015The leaders of the Solicitors Regulation Authority have made it clear that they believe it would be better for the public and the profession if they had complete independence from the Law Society. They were responding to the Treasury’s announcement earlier this week on independent regulation.
Tags: independent regulation, Law Society, Solicitors Regulation Authority, Treasury
Posted in Latest news, Legal Services Act, Regulation, Solicitors
Government promises to clear way for supermarket and estate agent ABSs
Monday, 30 November 2015The government said today that it will “further reduce barriers” to make it easier for alternative business structures, such as supermarkets and estate agents, to offer legal services like conveyancing, probate and litigation. It will also seek the complete separation of regulators from representative bodies.
Tags: Alternative business structures, Legal Services Board, Treasury
Posted in Alternative business structures, Latest news, Legal Services Act
Huge rise in number of lawyers disciplined for money laundering, Treasury reports
Thursday, 9 April 2015There has been a massive increase in the number of lawyers disciplined by their professional bodies for breaking the rules on money laundering, a Treasury report has found.
Tags: Law Society, money laundering, National Crime Agency, Treasury
Posted in Latest news, Legal Executives, Other lawyers, Regulation, Solicitors
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Happy birthday, Shakespeare: Lessons from William’s will
Historians know precious little about the life of the author who gave the world 37 theatrical masterpieces. One of the few documents that we do have relating to his personal matters is his will.
Why the Boston Consulting Group is wrong about the Legal Services Act
It will be a great pity if any policymakers are influenced by this report because it suffers from some serious flaws and misinterpretations of what is going on in England and Wales.
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