News – Page 117
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In-house sector out of CPD loop
Survey finds in-house lawyers are concerned about replacement for mandatory CPD.
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SRA closes sports lawyer’s practice
Regulator closes the London-based firm of sports lawyer Mel Goldberg after finding ‘reason to suspect dishonesty’.
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Directors rebuked for not revealing firm’s financial woes
Three failed to report difficulties at south-west firm Follett Stock.
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SRA backtracks on massive hike in fining powers
Regulator now favours five-fold rise to a limit of £10,000 for ‘traditional’ firms, after seeking views on a £100,000 maximum.
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Welsh language parity for solicitors
Status of Welsh as official language recognised in new SRA measures to cut red tape.
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SRA director questions holding of client money
Executive director Crispin Passmore says risk of financial instability and firms collapsing is still a concern.
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PEP talk can undermine ethics, warns Moorhead
‘Financialisation’ induces selfish impulses in law firm managers, says professor.
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Accounts reporting abolition reined in after rethink
SRA decides to require reports only if they have been qualified by the auditor.
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SRA ready to drop separate business rule
Regulator will next month propose reforms to the separate business rule which could include removing it altogether.
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Roll ‘burden’ to be lifted from 30,000
Regulator’s board is likely to approve proposals to remove the annual requirement on solicitors who do not have practising certificates.
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SRA looks to fill £10,000-a-year board roles
Regulator advertises for seven new members of its decision-making team.
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SRA silent over ‘fake’ bank law firm probe
Regulator tight-lippped on letter-writing scandal despite stern warning in July.
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Industrial deafness not ‘easy money’
The Association of British Insurers accuses PI firms of ‘cashing in’ on claims for industrial deafness.
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Former partners fined for ‘orderly wind-down’ failings
A J Bond & Co closed on 29 December but continued to hold client files and monies after that date.
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Regulator stands firm on £500,000 PII cover plan
SRA chief executive Paul Philip reiterates that his organisation is responding to calls for reform.
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SRA puts money laundering in spotlight
The regulator says it will step up efforts to ensure solicitors do not become embroiled in the practice.
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SRA hints at rethink on compliance roles
Chief executive Paul Philip says review of COLP and COFA regime will form part of ‘radical overhaul’.
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Solicitor data to be opened to comparison sites
SRA responds to a call from the Legal Services Consumer Panel to provide more information for online registers.
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SRA concedes defeat on PII change this year
Regulator accepts it cannot change minimum terms in time for this year’s renewal period.
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Closed CPD provider owes £458k, records show
Progressive Legal Training was founded in 1995 and provided around 3,000 CPD courses across the country.