Regulation and compliance – Page 98
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NewsPI claims sector shrinks as income drops by a third
Regulator’s annual report shows number of claims management companies halving in five years.
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NewsSRA raises concerns over solicitors’ independence
Risk outlook highlights fear that firms in PI and corporate sectors may be compromising their integrity.
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NewsAccountancy firms set for further expansion into legal market
Institute of Chartered Accountants in England and Wales applies to become an approved regulator of five reserved activities.
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NewsCashier jailed and banned after taking £728k from City firm
SRA notice states finance employee misappropriated funds over more than two years.
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NewsTrust in lawyers falling, but client satisfaction high
Consumer panel survey reveals almost half of matters now paid through fixed fees.
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NewsLaw Society voices concerns over ‘regulator shopping’ rule changes
Proposals could leave clients without insurance cover, Chancery Lane says.
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NewsSRA: ‘radical’ proposals will open up access to justice
But regulator acknowledges the need for adequate safeguards
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NewsSolicitors and public divided over client confidentiality
Findings from SRA survey to be used as basis for dealing with misconduct in future.
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News‘Radical’ handbook reforms will widen access to justice, SRA says
Chief executive Paul Philip says certain safeguards will be needed after Law Society raises concerns.
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NewsLegal watchdog begins search for £500 per day chair
Knowledge of legal services market and its contribution ‘would be desirable’.
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NewsHandbook changes could lead to ‘two-tier profession’ – Society
Chief executive Catherine Dixon says SRA’s proposals could have a serious impact on legal professional privilege.
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NewsOne year on: bar ‘entities’ pleased they broke away
So far, just 54 entities have been set up, against a projected 400.
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NewsCompetition watchdog rules out full investigation of legal services
Markets authority wants more transparency on price and quality – but found no evidence that current regulatory framework inhibits competition.
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NewsMoJ seeks to pave way for new wave of ABSs
‘In practice, ABS businesses have not been shown to attract any greater regulatory risk than traditional law firms’ – justice minister Lord Faulks.
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NewsSolicitor leaves profession after lying on his CV
Michael McCooe was dishonest about his qualifications and international admittance.
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NewsLegal Services Act positive – but more reform needed, says super-regulator
Major study shows ‘overall, the level of innovation is broadly unchanged’ since 2007 reforms.
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NewsLaw firms given all clear on lobbying
All organisations involved in the business of consultant lobbying, as defined by legislation passed in 2014, have to sign up to a register or risk facing criminal proceedings.
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NewsIndia debates further step towards liberalisation
Draft rules propose charging firms $50,000 and individuals $25,000 to practise in India.
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NewsSolicitor slashes insurance costs through bar regulation
David Bowden predicts ‘flood’ of solicitors will opt to set up under the bar regulator.
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NewsBarrister suspended for failing to pay fine
Tiyani Behanzin failed to pay a fine of £750 and costs of £585 imposed for disciplinary offences in 2011.