Regulation and compliance – Page 110
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News‘Compelling case’ for reforming regulation – LSB
Super-regulator sets out legislative options for shakeup of Legal Services Act.
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News‘Cab rank’: barristers allowed to refuse work from solicitors
Changes mean solicitors believed to pose an ‘unacceptable’ credit risk will not be able to call on the time-honoured rule.
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NewsSuper-regulator proposes ‘more discretionary’ approach to ABSs
Legal Services Board publishes collective response to government's call for deregulation proposals.
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NewsTransfer test barrier removed
Candidates currently required to travel to London for one element of the test.
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NewsGove gets to work on the courts and regulation
Justice secretary gives notice of radical reform programme including court closures and review of legal regulation.
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NewsAccounts burden lifted from 1,000 smaller firms
New threshold for removing the requirement to submit accountants’ reports.
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NewsPC fee unchanged for next year
Solicitors Regulation Authority proposes individual fee remains at £320.
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NewsGove: legal aid ‘concerns are legitimate’ – but no concessions
Lord chancellor also pledges review of Legal Services Act to avoid ‘regulators falling over each other’s feet’.
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NewsUnregulated advisers beat law firms in Google rankings
Legal Services Board research finds potential clients confronted with services of unregulated providers.
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NewsSRA in renewed call to lower PII minimum
Last year the regulator’s proposal to cut compulsory cover to £500,000 from £2m was blocked by the Legal Services Board.
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NewsGove promises action on criminal referral fees
Justice secretary tells judges he will not tolerate ‘inappropriate payments’.
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NewsHardship fund proposed for small firms seeking to close
Fund is one of several ideas advanced by the SRA to continue reform of professional indemnity insurance.
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NewsSolicitors ‘ready to innovate but wary of change’ – SRA survey
Research from regulators reveals that 25% of ‘legal service providers’ have introduced a new or improved service since 2012.
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NewsScots seek to oust Welsh as estate agency watchdogs
Law Society of Scotland fears ABSs will be subject to dual regulation under UK Estate Agents Act.
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NewsJudge’s ‘grave’ concern at solicitor’s relationship with client
Conduct in family battle reported to regulator by solicitor himself.
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NewsSlater and Gordon shares crash following reporting errors
Australia-listed firm has engaged EY to help answer questions from market watchdogs, as one fund manager highlights 'red flags' in accounts.
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NewsSRA proposes solution for firms offering consumer credit
Regulator offers a way around threat of dual regulation.
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NewsOmbudsman ordered to cut costs and improve satisfaction
Legal Services Board cites instability as a cause for concern.
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NewsBar should share risk on unpaid fees – Society
Law Society responds to Bar Standards Board consultation on the ‘cab rank rule’.