Regulation and compliance – Page 127
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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.
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NewsOsborne to extend Libor legislation
Treasury promises to crack down on rogue banks and traders by extending Libor legislation.
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NewsQASA fight pushes LSB legal spend up 10-fold
Accounts show regulator’s overall spending falling slightly.
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NewsSRA confirms another month of falling firm numbers
Just 30 firms closed in February – the most recent month that figures are available – but over the course of the past year 1,094 firms have gone.
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NewsConsumer panel to use FoI requests for lawyer data
Watchdog wants to collate more information on lawyers’ performance in the coming year.
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NewsCPD ‘already embedded in firms’, says SRA
Research finds firms do not need compulsory 16-hours CPD as they already have best practice in place.
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NewsWork yourself out of existence, Grayling tells super-regulator
Chris Grayling said the LSB should work towards its demise to reduce ‘time-consuming and intrusive’ legal regulation.
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NewsSociety: lobby against ‘damaging’ SRA reforms
Ex-president writes to local societies warning that PII premiums will rise, while conveyancers could be turfed out of the market.
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NewsDiversity increases, but too slowly, says SRA
The number of women and BME solicitors has grown gradually, but their career progression remains slow.
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NewsRacial disparity ‘an issue’, SRA agrees
Regulator accepts Gus John’s findings that black and minority ethnic solicitors are disproportionately represented in regulatory activities.
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NewsCPD reform plan ‘could ruin market for training’
At least one leading provider has already ceased trading as a result of SRA’s decision to drop mandatory requirement.
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NewsNews focus: CCBE plenary session
Prosecuting cross-border fraud, UK exceptionalism and the rule of law in Ukraine were among the issues discussed at last month’s plenary session of the CCBE.
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NewsBarrister who failed to pay tribunal fine to be disbarred
Unregistered barrister Christopher Mills failed to pay a £5,335 fine imposed by the Bar Standards Board for holding himself out as a barrister.