All Regulation and compliance articles – Page 58
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News
SRA considers kite-mark scheme for tech
Regulator announces possible ways to ‘build trust’ in lawtech sector.
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PII fears holding firms back from lawtech investments
Research published by SRA reveals perceived barriers to innovation, especially in ’PeopleLaw’.
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Compensation fund payouts reach five-year high
Conveyancing and probate were the highest risk areas for clients and the main source of successful claims.
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Homeworking firms 'neglecting compliance'
Survey by software provider Access Legal identifies gaps in solicitors’ cybersecurity, data protection and AML measures.
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Minimum salary recommendation amended to include SQE candidates
Law Society says trainees under different qualification regimes should be paid the same.
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Annual figures lay bare ombudsman’s nightmare lockdown year
Scheme says there are signs of improvement after struggles of last year.
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Firm stung by home seller who turned out to be a fraudster
Bradford firm has since changed its policies to prevent a repeat of the fake sale.
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Regulator fears consumers are missing out on LEI
People wrongly assume legal insurance is more restricted and expensive than it is, says LSB.
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News focus: Client satisfaction surges – time to give the profession a break?
Clients appear happier than ever with the cost and quality of legal advice. So why don’t consumer watchdogs trumpet these findings? The answer may lie in how the profession is perceived.
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LSB insists public wants lawyer competence checks
Oversight regulator says new research points to a demand for extra requirements.
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SRA fines fresh batch of firms for breaching AML rules
Legal practices took over a year to make required declaration about risk assessment.
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Barristers from ethnic minorities more likely to face BSB scrutiny
Report also reveals that male barristers are twice as likely to be referred for disciplinary action as female counterparts.
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Client satisfaction hits all-time high - despite lockdown
Nine out of 10 consumers of legal services are content with the outcome of their matter, according to a key industry bellwether. But the consumer watchdog is still disappointed most rely on ‘gut feeling’ to choose their lawyer.
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Don’t pile on competence checks, warns SRA
Solicitors are 'overwhelmingly' completing training and firms are closely monitoring employees, says regulator.
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Bar regulator under fire for prioritising interests of barristers
Bar Standards Board is accused of failing in its duty to improve access to justice in highly critical review.
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Clerk banned after taking secret phone recordings in court
Former legal clerk was given a suspended prison sentence last year.
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LSB backs career-long competence checks
Super-regulator says current system is not best serving the public interest or the interests of consumers.
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Super regulator spies ‘lack of buy-in for our vision’ as key risk
Legal Services Board says there remains a ‘perceived lack of institutional legitimacy’.
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SRA begins money laundering clampdown with six firms fined
Sanctioned group waited more than a year to submit required risk assessment of AML policies.
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Bar questions mitigation in sexual misconduct cases
Sentences for sexual misconduct have negatively affected public confidence over past three years, says Bar Council.