Regulation and compliance – Page 119
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NewsLPC applications down by 10%
This is the second consecutive year of decline, according to figures seen by the Gazette.
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NewsLegal Ombudsman demands CFA complaints action
The ombudsman demands to know when legal regulators plan to act on consumer complaints about conditional fee agreements.
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NewsLloyds defends recovery letters naming ‘SCM Solicitors’
Law firm was dissolved in 2011, but bank insists it makes clear SCM now part of in-house litigation.
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NewsRegulator approves PII reform
SRA board says reduction in minimum cover to £500,000 would cut premiums by 5%.
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NewsSRA braced for another big intervention
Compensation Fund contributions set to fall sharply, but regulator wary of pressure on reserves.
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News50% of chambers fail to comply with equality rules
A survey of 32 chambers carried out by the BSB revealed only six were fully compliant with the rules and 50% were not compliant.
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NewsBar regulator announces move into entity licensing
Publicly funded barristers will be able to set up structures that enable them to contract directly with the aid agency, taking control over work away from solicitors.
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NewsLegal executive-only firms mooted for next year
Super-regulator consults on granting CILEx entity regulation powers.
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NewsGrenadian wins LPC fight despite murder conviction
Selwyn Strachan had been sentenced to death in 1983 after a widely criticised trial.
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NewsWonga threatened customers with fake law firms
The UK’s biggest payday lender has entered an agreement with the Financial Conduct Authority to compensate around 45,000 customers.
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NewsPII changes threaten ‘solicitor brand’, says City society
City of London Law Society raises concerns about SRA plans to reduce minimum compulsory PII cover to £500,000.
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NewsSRA urged not to dispense with accounts requirement
The SRA has proposed to abolish the requirement for firms to have and submit an accountant’s report every year.
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NewsKenny quits LSB for private sector
Chief executive to step down from super-regulator after six years in post.
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NewsPractising certificate fee set to fall by 17%
Proposed levy of £320 is subject to Law Society Council approval and member consultation.
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NewsConsumer watchdog raps PII reform plans
Panel cites ’weakness in the evidence base’ for cutting minimum cover.
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NewsTrain all youth justice lawyers, says damning report
Cross-party group of MPs and peers calls for mandatory training for lawyers working in youth justice.
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NewsPII reforms set to be approved on 2 July
tabletSociety warns that ‘hundreds’ of firms could be thrown off conveyancing panels, but the SRA is poised to forge ahead with far-reaching regulatory changes.
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NewsCity firm Bates Wells Braithwaite becomes ABS
The firm has promoted accountant Jim Clifford to equity partner.
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NewsMalaysia liberalises its legal market
Foreign firms will be able to apply for three practice licences under the country’s newly liberalised regime.