Regulation and compliance – Page 112
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News
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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News
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.
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NewsSolicitor devastated by £100k intervention
Andrew Williams was wrongly suspected of impropriety due to an association with another solicitor who was under SRA investigation.
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NewsEx-CCBE chief raps client money proposal
LSB ‘imprisoned’ by the Legal Services Act 2007 in seeking to strip powers from professions deemed to have been ‘naughty’, says Jonathan Goldsmith.
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NewsFirms stand to lose billions through fraud: bank chief
Banking sector joins insurers and regulators in expressing concerns about telephone con-artists targeting law firms.
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NewsRegulator names firms in PII probe
Two firms should have closed last year because they did not have a valid insurance policy.
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News‘No evidence’ of risk from online divorce services
Research by consumer group finds high satisfaction levels with both online and face-to-face services.
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NewsMany lawyers unaware of how PC funds regulation
Four in ten solicitors do not realise they pay for the Legal Services Board and ombudsman.
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NewsSolicitors to require mandatory ‘statement of competence’
The statement forms part of the new approach to the education and training of solicitors, moving away from a prescriptive system.
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NewsSRA overrides opposition to ditch insolvency regulation
Four out of five respondents to a consultation opposed plan to cease regulating solicitor IPs.
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NewsLSB sounds death knell for handling client money
Regulators are looking at system in France, where lawyers are prevented from holding client money.
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NewsSRA wins plaudits for complaints-handling
Auditor says fall in complaints about the regulator is ‘likely’ to reflect better performance.