News – Page 119
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NewsSRA warns on exit strategies after solicitors fined
Five solicitors penalised in April for not following the correct procedure to close down their businesses.
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NewsForex fines likely to trigger further litigation against banks
Commercial lawyers said guilty pleas by four major banks for rigging the forex market could make it easier for further claims.
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NewsSolicitor owed £40k in fees accuses SRA
Andrew Williams, a director of Essex firm Lillywhite Williams, was wrongly intervened into last October without notice.
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NewsSRA right to intervene in solicitor who ‘lost ethical compass’
High Court backs regulator’s decision to shut down firm, despite pleas for more lenient punishment.
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Suspended solicitor convicted over immigration advice
District judge said Flora Mendes had ‘left a trail of destruction towards vulnerable people she left in her wake’.
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NewsSolicitor opts for bar over SRA in search of ‘stability’
Mark Johnson opted to license his business as a single-person bar entity because he values a more stable insurance market.
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South Korea legal liberalisation move
Draft bill proposes the amendments as the Ministry of Justice in Seoul implements the third stage of legal services provisions.
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NewsSRA backs £637m Quindell-Slater disposal
Multi-million-pound deal awaiting approval from one final regulator before it can go ahead.
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NewsSupreme Court’s sex shop ruling good news for SRA
Supreme Court keeps case open but establishes principle that regulatory authorities can spend fees more widely.
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NewsSolicitor among the first bar entities authorised
Mark Johnson cites 'proportionate’ level of regulation as factor in moving away from SRA regime.
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Councils ‘need to be clear’ on ABS plans
Councils ‘need to be clear’ what they want to use alternative business structures for, as the move involves ‘quite a lot of work’.
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NewsConveyancer hit by phone scam
Solicitors Regulation Authority calls for extra vigilance after north-east firm loses 'significant amount'.
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NewsSRA proposes alternative to client accounts
Regulator backs third-party accounts as low-cost alternative and to help prevent misuse of client money.
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NewsParalegal first to qualify as solicitor through equivalent means
London paralegal showed same skill set and expertise as he would have gained from a training contract.
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NewsClydesdale Bank fined £20m for serious PPI complaint failings
Financial Conduct Authority says more than 90,000 complaints may have been wrongly handled because of false information.
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NewsBar regulator licenses 15 ‘entities’
BSB says it will name new businesses when they have secured insurance to offer services.
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NewsFirst bar entities to be announced ‘in days’
Regulator's business plan sets out priorities for 2015-16.
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Bar ponders new limits on ‘cab rank’ rule
Regulator considers excluding solicitors deemed to be a ‘credit risk’.
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NewsDiversity data impact ‘not at level hoped for’ – LSB chair
Legal Services Board also suggests regulators must look again at burden of diversity data collection on law firms and legal services providers.
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NewsOmbudsman complaint limit rises from six to 12 months
Scheme rules on cut-off to be aligned with new EU directive on alternative dispute resolution.