- Thursday, 20 April 2017
New 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
- Thursday, 3 December 2015
The 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
- Monday, 30 November 2015
The 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
- Thursday, 9 April 2015
There 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
As the A-level results scandal in 2020 proved, scrutinising the ever-increasing use of algorithms and big data by government is essential in ensuring they operate fairly, lawfully and without bias.
The way in which partnership profits are assessed is set to change with the introduction of Making Tax Digital, and the intention is that the basis period will change.
Every solicitor knows that an undertaking is serious stuff. Arguably it is the greatest power available to a solicitor – a promise, if broken, that will lead to immediate and serious consequences for the giver.