Regulation and compliance – Page 115
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NewsOutgoing SRA chair backs legal apprenticeships
Charles Plant received a lifetime achievement award from the City of London Law Society.
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NewsConsumer credit switch will cost law firms dear - Society
President Andrew Caplen warns of ‘significant problems’ if SRA ceases regulating consumer credit work.
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NewsSRA ready to contact uninsured firms again
Chief executive Paul Philip said the SRA has now reassessed the data and will contact firms next week.
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NewsLSB declines to cut minimum PII cover
Oversight regulator sticks with current minimum of £2m and £3m for incorporated firms and LLPs.
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NewsSRA pledges new focus on helping small firms
Regulator admits some small firms and sole practitioners believe it does not understand their business.
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NewsBar chief says no to ‘super-quango’ regulator
Lavender attacks plans for ‘one-size fits all’ regulator for the profession.
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NewsCall for pro bono rules exemption
LawWorks calls a halt to its debt advisory work for vulnerable consumers, amid continuing uncertainty over the regulatory landscape.
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NewsSRA earmarks ‘level playing field’ between firms and ABSs
Regulator unveils proposals to drop the separate business rule.
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NewsFirst council ABS is formally launched
Buckinghamshire County Council was the first local authority to be granted a licence by the Solicitors Regulation Authority.
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NewsSRA to scrap PC fee renewal system
Regulator’s business plan for 2015 admits mySRA ‘neither straightforward nor simple’ to use.
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NewsSolicitor fabricated litigation in three-year deception
‘Good reason’ to believe solicitor was acting against client’s interests, High Court hears.
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NewsConsumer watchdog under fire over McKenzie friend stance
MP: ‘Somebody can toddle along, say they are a McKenzie friend and start undermining and undercutting solicitors.’
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NewsChief legal ombudsman quits after accounts probe
MoJ confirms Sampson suspended following investigation over governance issues.
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NewsSRA keen to relax accounts submission rules
Regulator wants accountants to employ more professional judgement in testing firms’ finances.
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News‘Self-lawyering’ is the future, consumer watchdog forecasts
Panel says access to justice will be enhanced if consumers empowered to handle their own legal affairs.
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NewsHSBC legal chief warns of ‘enforcement trajectory’
In-house lawyers urged to anticipate regulatory enforcement trends to help their companies avoid investigations.
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NewsLitigation deluge set to follow record forex fines
Pension funds in vanguard of civil litigation after banks fined for rigging forex market.
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NewsMcKenzie friends body lays down law
New trade association for McKenzie friends wants all members to be insured and meet minimum standards of qualification and experience.
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Legal aid form to be amended
Aid agency rolls out new electronic form after lawyers flag up problem.