- 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
Delivering messages that impact work colleagues is probably the hardest thing law firm leaders have to do, especially to older generation lawyers approaching the end of their careers.
The ‘rule of six’ has been in place since 14 September, with fines levied for those who break it and now we are seeing even more drastic restrictions reimposed. So what does this mean for the UK’s cyber-security?