Regulation and compliance – Page 127
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NewsBar Council rapped over cab rank changes
Legal Services Board says council failed to act in a way ‘compatible with the principle of regulatory independence’.
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News141 firms must prepare to shut down, says SRA
Regulator wants to encourage firms that failed to secure professional indemnity insurance to plan for the worst.
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NewsSolicitor-financial adviser ventures on the rise
Trend follows liberalisation of rules that prevented law firms referring clients to advisers tied into offering certain financial products.
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News70% reject rulings by LeO
The LSCP says the ombudsman service suffers from ‘false expectations’ of users, who complain of a lack of information and understanding of complaints.
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Law Society dismisses lay chairs idea
The Society said the proposal was based on ‘very limited evidence’ and wrongly assumed lawyers would inevitably act in the profession’s interest.
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NewsSRA seeks ‘modest’ increase in fining powers
Regulator unhappy with disparity between traditional firms and alternative business structures.
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NewsMP intervenes in SRA costs row
Simon Danczuk is angered by what appears to be a loophole denying costs protection to someone who was a beneficiary of a will but not the client.
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NewsSolicitor population rises to all-time high
SRA statistics show no let up in people entering the legal profession.
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NewsBalva clients offered hope as SRA targets uninsured
Uncertainty eased for hundreds of firms insured with Latvian company.
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NewsSRA warns of ‘group contagion’ threat to complex structures
Regulator urges firms tied into complex structures to act against the risk.
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NewsSociety aligns with CBI to promote UK legal services abroad
City lobbying alliance a first for Chancery Lane, but SRA chair intervenes in debate on regulatory burden to warn that ‘hundreds of firms are on the edge of collapse’.
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NewsBar Conference 2013: McGowan slams ‘cumbersome and expensive’ legal regulation
Chairman of the bar claims barristers are ‘watched over like naughty children’
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NewsClients unwilling to pay extra for regulation costs
LSB survey finds little public enthusiam for clients paying for their own regulatory protection.
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NewsLiquidator confirms redundancies at closed firm Follett Stock
Job losses follow SRA decision to shut down the practice.
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NewsSRA director: we cannot enforce spirit of referral fee ban
Executive director says those wanting a new approach should look to Westminster.
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NewsSRA reports 85% success rate for PC renewals
Renewals rate exceeds 2012/13 figure as regulator considers next step.
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NewsOmbudsman gloomy about powers extension
No immediate prospect of taking on complaints about claims management companies.
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NewsSaga Law aims at ‘gap in the market’
Joint venture between Saga and Parabis Law to begin trading next year.
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NewsBarristers are watched over like naughty children, says chief
Legal regulation too cumbersome and too expensive, bar chair tells conference.
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NewsLack of PII puts 153 firms on cessation list
If they fail to secure cover by 29 December they will have to close.