Regulation and compliance – Page 102
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NewsABSs ‘haven’t worked’ and it’s our fault – SRA chief
Paul Philip urges solicitors to form ‘one-stop shops’ with accountants and details plans to allow solicitors to practise outside law firms.
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NewsUnregulated firms denied ‘veneer of legitimacy’ through LeO
The LSB had included proposals in its draft business plan and suggested consumers would benefit from access to redress.
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News£300k budget cut for super-regulator
Legal Services Board says cost to PC holders has fallen by nearly a third since 2009/10.
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NewsSRA shuts down five firms in the space of a week
West Yorkshire Police confirm arrest in relation to fraud allegation linked to one closure.
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NewsSRA seeks answers from firms linked to Panama Papers
UK firms named in documents leaked from Panama firm Mossack Fonseca.
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NewsCommercial pressures could lower quality, bar regulator warns
Pressure to win business could lead barristers to compromise ethical principles, according to the BSB.
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NewsBar ‘entity’ model points to ‘fused’ profession
Owners of two of the latest BSB-regulated entities claim the two branches of the profession are slowly converging.
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NewsFixed-fee firms offering cheaper service, LSB finds
Oversight regulator wants more firms to publish fees on their websites – and finds big variations in amounts charged.
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NewsLawyers urged to copy other sectors in ditching jargon
Legal Services Board says there is much to be learned from how other industries make services accessible.
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NewsBar regulator approved to license ABSs
The BSB could start approving alternative business structures from October – more than two years after it had originally intended.
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NewsConveyancers’ regulator to cut fees
Council for Licensed Conveyancers intends to apply reduced rate across the board from 1 November.
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News‘Pause and rethink’ for legal training reform plans
Solicitors Regulation Authority responds to backlash over ‘super-exam’ scheme.
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NewsSolicitors’ handbook to be slashed from 600 to 50 pages
Law Society says new rules must not include restrictions on solicitors holding client money.
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NewsNew SRA online database may include disciplinary records
Information will be updated daily and is free to access and share.
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NewsSRA ‘concerned’ at PI practices aiding fraud
Regulator issues warning notice on potential fraud in PI cases, reminding the profession of its obligations.
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NewsWhitehall clears change for insolvency practitioners
SRA relinquishes responsibility for regulation of insolvency practitioners on 14 April.
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NewsDeloitte expands legal presence – but not in UK
Canadian arm of ‘big four’ outfit acquires law firm to extend legal offer.
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NewsSolicitor touts face fresh curbs
Solicitors Regulation Authority rules state that solicitors are not allowed to make unsolicited approaches in person or by phone.
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Sports solicitor signs up for bar regulation
Solicitor registers Captivate Legal & Sports Solutions with the Bar Standards Board as it provides a ‘more proportionate’ form of regulation.
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NewsProfession rounds on SRA over ‘super-exam’ plan
Regulator receives 250 submissions to its consultation on Solicitors Qualifying Examination – and 80% are critical.