All Regulation and compliance articles – Page 117
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News‘Novel and contentious’ payments continue to dog Legal Ombudsman
Auditor qualifies 2014-15 accounts on grounds of ‘irregular’ expenditure.
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OpinionLSB: a response to Jonathan Goldsmith
LSB chair responds to yesterday’s Comment piece by Jonathan Goldsmith on the role of the board in liberalising the market for legal services.
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NewsFCA to consult on in-house accountability
Financial Conduct Authority to consult on whether ‘senior managers regime’ should include those responsible for legal affairs.
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NewsBSB signals support for independent regulators
Bar regulator says separation would create more transparency.
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OpinionShould the LSB chair resign?
If the government effectively seizes the wheel of the super-regulator, does that not signal a lack of confidence in its leader?
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NewsCMC regulator reports sharp decrease in PI specialists
Four financial penalties were issued in the fourth quarter of 2015, with 51 warnings issued.
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NewsFewer requests for dormant client money
Solicitors can withdraw residual balances of £500 or less without regulator's permission.
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NewsSociety clashes with SRA over potential split
Regulator says only a formal split will reassure the public. But Chancery Lane hits back, accusing the regulator of seeming to ‘devalue’ the profession.
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NewsSuper-regulator makes business case for 2016/17
Legal Services Board opens consultation on business plan – ahead of two external reviews.
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NewsSRA ‘seen to prefer’ the word of solicitors in handling complaints
More than 100 people complained about the SRA’s handling of their case in the first nine months of 2015.
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FeatureEducation and training: passing muster?
The SRA has set out a radical blueprint to overhaul the education of aspiring solicitors, but many in the profession fear the reforms will dilute standards.
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NewsSolicitors urged to embrace CMA review of legal services
The Competition and Markets Authority last week announced that it will examine ‘long-standing concerns’ about the affordability of civil legal services.
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OpinionLegal regulation: here we go again
In one of the world’s most liberal markets, the CMA’s inquiry is oddly timed.
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NewsLitigation funder Burford granted ABS licence
Licence opens up the prospect of a funder pumping cash into its own law firm.
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NewsAsylum solicitors ‘deliberately obfuscating costs’
SRA to review sector after research part-funded by Hawaiian billionaire finds evidence of malpractice.
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NewsSRA takes central exam plan on the road
The regulator will hold events around the country to give students and solicitors more of a say on its proposals.
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NewsLegal Ombudsman cuts spending after caseload falls again
The spending level for 2016/17 will be almost 30% lower than the £16.7m spent in 2012/13.
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NewsAntitrust watchdog to probe legal services
Competition and Markets Authority to examine ‘long-standing concerns’.
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NewsSRA to ask if solicitors contribute to ‘decline in criminal advocacy’
The regulator will ask whether solicitors are taking on advocacy work ‘beyond their level of competence’.