All Regulation and compliance articles – Page 156
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OpinionBrand at a premium
With PII, it is in no one’s interest to go shopping as the prices and goods are changed.
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FeaturePII Focus: season of goodwill?
Regulation of professional indemnity may be in flux, but this year’s renewal market is expected to be benign.
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FeaturePII Focus: safety in a number
Every law firm needs to think about what level of cover it needs to ‘sleep at night’.
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FeaturePII Focus: SRA
The regulator is seeking to safeguard client protection while making cover more accessible and affordable.
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NewsGrayling not giving up on regulatory reform
Lord chancellor tells justice committee that ‘quick fixes’ from the profession and regulators have not been forthcoming.
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NewsCouncil approves 17% cut in PC fee
Law Society’s governing council overwhelmingly endorses plans to reduce Law Society Group budget.
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NewsSRA warns in-house lawyers not to mislead third parties
Regulator has received ‘a number of complaints' about debt recovery letters.
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NewsSpecialist regulation is best, says BSB chair
Lady Deech counters recent calls for a single overarching legal regulator.
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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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NewsSociety turns to LSB after board clears cover reform
Minimum PII cover set to fall from £2m to £500,000, after SRA vote.
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FeatureCity regulation: business as usual?
The Wonga ‘fake law firm’ scandal has triggered renewed criticism of seemingly lax regulation in the City. How much has really changed since 2008?
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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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OpinionPII arguments fall on deaf ears
The Solicitors Regulation Authority’s plan has one more hurdle to clear.
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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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OpinionStill working on our ABS
The first local authorities applied for ABS licences last year and are still waiting for approval. What’s the hold up?
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FeatureBreaking the covenant of trust
The SRA’s short-sighted approach to regulatory reform needs an urgent rethink.
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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.