All Regulation and compliance articles – Page 131
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OpinionTaxi drivers now, lawyers next
How might the controversy surrounding digital taxi service Uber impact on regulation of lawyers?
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NewsOmbudsman ordered to cut costs and improve satisfaction
Legal Services Board cites instability as a cause for concern.
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NewsBar should share risk on unpaid fees – Society
Law Society responds to Bar Standards Board consultation on the ‘cab rank rule’.
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NewsLaw Society: third-party client accounts ‘too expensive’
Solicitors’ body not taken with proposal to allow Bar Council-style third-party client account providers.
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NewsReferral fees in crime would ‘corrupt’ market, bar alleges
Criminal barristers warn against lifting ban on referral fees that exist ‘solely to benefit solicitors’.
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OpinionLawyers rerouted
A system that focuses almost exclusively on the point of professional entry is skewed.
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FeatureLegal education: the right road?
Reforming routes to qualification and the role of the regulator.
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NewsSuper-regulator prepares in case BSB ‘falls short of expectations’
The LSB is preparing to assess the bar regulator’s compliance after it missed its first deadline to review its continued regulation of the ‘cab rank’ rule.
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NewsBarrister suspended from public access work for holding client money
Oliver White, a barrister at 4-5 Gray’s Inn Square, has been banned for six months after holding £5,000 for his client.
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NewsCity firms not interested in losing client account
City of London Law Society says members remain firmly in favour of retaining current arrangements.
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NewsClients 'in the dark' over their lawyer's quality - watchdog
Legal Services Consumer Panel to push for greater scope of information to be provided about standards of service.
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News
Nottingham firm signs up with bar regulator
Husband and wife ran Invictus Legal as a solicitors’ firm for five years, before opting to set up a new company as a Bar Standards Board-regulated entity.
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OpinionWho is going to pay for rogue solicitors?
There is hardly a queue to pay compensation fund costs. This thorny issue has to be resolved at some point.
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NewsSRA ‘loosens the grip’ on separate business rule
Regulator seeks a level playing field for existing firms to own or manage separate businesses.
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NewsBSB plans to drop mandatory CPD hours
Regulator is proposing to abolish the requirement for barristers with over three years’ practising experience to complete mandatory 12 hours of CPD.
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NewsFlight delay compensation firm becomes ABS
FairPlane approved seven months after a landmark ruling opened the way to a wave of claims against airlines.
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NewsSRA warns on exit strategies after solicitors fined
Five solicitors penalised in April for not following the correct procedure to close down their businesses.
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NewsForex fines likely to trigger further litigation against banks
Commercial lawyers said guilty pleas by four major banks for rigging the forex market could make it easier for further claims.
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OpinionFinancial fair play?
It seems reasonable to expect bankers to meet the same regulatory standard as solicitors.
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FeatureFinancial services: regime change
The Financial Conduct Authority is shifting its emphasis from fining firms to calling to account senior individuals – and that means more work for lawyers.