All Regulation and compliance articles – Page 149
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NewsSRA ready to slash minimum compulsory PII cover
The regulator will reduce the level of mandatory insurance cover from £2m to £500,000.
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NewsCriminal bar needs urgent reappraisal – Grayling reviewer
Sir Bill Jeffrey suggests graduate lawyers obtain their early experience in law firms and join a smaller, specialist criminal bar later.
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NewsSRA drops plan to ban unrated PII insurers
Decision announced as part of a wide-ranging review of regulation of solicitors.
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FeatureRoundtable: professional indemnity
The professional indemnity insurance market is likely to remain turbulent for some time to come, despite far-reaching reforms.
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News‘Risk-based’ plan for compensation fund
Research found sole practitioners and firms in London cause a ‘disproportionate’ level of claims to the fund.
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NewsDecision delayed on guideline hourly rates
Civil Justice Council says it is still finalising its report on rates, which have been unchanged for five years.
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NewsMoJ rules out further reform of legal services regulation
‘No consensus on long-term vision,’ says justice minister Shailesh Vara.
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NewsLSB gives regulators power to select their own boards
Decision comes a day after clashes between the oversight regulator and representative bodies.
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News‘School-leavers only’ pledge by latest ABS
New fixed-fee entrant Riverview Law takes another step into the legal services market.
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NewsLSB chair bows out with splenetic attack on legal ‘trade unions’
David Edmonds calls for single regulator, but the bar's Deech derides proposal for body ‘staffed by quango kings and queens in the pocket of government’.
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NewsHudson: unrated indemnity insurers not an automatic risk
The Law Society has called for talks with Yorkshire Building Society to discuss its plans to remove law firms from its panel.
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Rethink call over entity-based regulation
The Law Society has called for the SRA to rethink a proposal to exempt some foreign European firms.
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FeatureRisk and compliance: challenge of change
The SRA has made big changes to the way it regulates over recent years, says the board chair, but there is more to do.
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NewsSRA set for insurance rethink
Regulator wants to counter the perception that it is ‘indifferent’ to small firms.
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NewsFormer SRA chief moves to financial complaints
Townsend will take on post of complaints commissioner from next week.
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NewsRegulator suspends QASA registration as challenge rumbles on
A renewed application for permission to appeal the dismissal of the judicial review has been listed for 9 May.
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NewsASA upholds complaint against ‘Mr Loophole’
Advert was misleading as it implied Nick Freeman would be directly involved with the details of each client’s case.
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NewsFirms to be left ‘high and dry’ by PII plan
Chief executive of Elite, which insures one in 10 practices, warns that rating costs will be added to premiums.
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Firms rebuked over compliance failure
Three more firms have been rebuked for not having compliance officers in place by the start of 2013.
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LSB pledges to cut costs
The Legal Services Board has said it will reduce its budget by £150,000 in the 2014/15 year.