News – Page 112
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NewsSRA’s trust exercise ‘far removed’ from our world, say City lawyers
City of London Law Society criticises scenarios used to help form the regulator’s ‘reference framework’ .
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NewsSociety warns SRA on disciplinary decisions
Regulator ‘should not seek to influence’ sanctions, says Chancery Lane.
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News‘Novel and contentious’ payments continue to dog Legal Ombudsman
Auditor qualifies 2014-15 accounts on grounds of ‘irregular’ expenditure.
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NewsFCA to consult on in-house accountability
Financial Conduct Authority to consult on whether ‘senior managers regime’ should include those responsible for legal affairs.
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NewsBSB signals support for independent regulators
Bar regulator says separation would create more transparency.
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NewsCMC regulator reports sharp decrease in PI specialists
Four financial penalties were issued in the fourth quarter of 2015, with 51 warnings issued.
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NewsFewer requests for dormant client money
Solicitors can withdraw residual balances of £500 or less without regulator's permission.
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NewsSociety clashes with SRA over potential split
Regulator says only a formal split will reassure the public. But Chancery Lane hits back, accusing the regulator of seeming to ‘devalue’ the profession.
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NewsSuper-regulator makes business case for 2016/17
Legal Services Board opens consultation on business plan – ahead of two external reviews.
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NewsSRA ‘seen to prefer’ the word of solicitors in handling complaints
More than 100 people complained about the SRA’s handling of their case in the first nine months of 2015.
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NewsSolicitors urged to embrace CMA review of legal services
The Competition and Markets Authority last week announced that it will examine ‘long-standing concerns’ about the affordability of civil legal services.
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NewsLitigation funder Burford granted ABS licence
Licence opens up the prospect of a funder pumping cash into its own law firm.
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NewsAsylum solicitors ‘deliberately obfuscating costs’
SRA to review sector after research part-funded by Hawaiian billionaire finds evidence of malpractice.
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NewsSRA takes central exam plan on the road
The regulator will hold events around the country to give students and solicitors more of a say on its proposals.
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NewsLegal Ombudsman cuts spending after caseload falls again
The spending level for 2016/17 will be almost 30% lower than the £16.7m spent in 2012/13.
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NewsAntitrust watchdog to probe legal services
Competition and Markets Authority to examine ‘long-standing concerns’.
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NewsSRA to ask if solicitors contribute to ‘decline in criminal advocacy’
The regulator will ask whether solicitors are taking on advocacy work ‘beyond their level of competence’.
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NewsIraq abuse inquiry firm referred to SDT
Leigh Day denies regulator's allegations following Al-Sweady inquiry.
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NewsSuspension upheld for barrister who held client money
Oliver White suspended for three months for ‘failing to act with integrity’ after claiming he could conduct litigation with the same freedoms as a solicitor.
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NewsFive new members to join SRA board
Two solicitors and three lay members take up posts in new year.