All Regulation and compliance articles – Page 59
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NewsProfession pays out £10m to cover losses from dishonest solicitors
New figures come as oversight regulator approves new threshold for charities making compensation claims.
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NewsSRA lays ground for fee-capping in financial mis-selling claims
Legislation passed three years ago requires regulators to prevent excessive fees from being charged.
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NewsLSB pushes for consistent sanctions against lawyers
Bar should take ‘demonstrably firm action’ against sexual misconduct, says super-regulator.
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NewsSRA postpones indemnity fund closure for 12 months
Regulator will consult on next steps, including alternative arrangements to protect retired solicitors.
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NewsConsolidation gathers pace as firm numbers dip below 10,000
SRA figures show there were 9,974 firms at the start of this month, the lowest number in 11 years.
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NewsAnnouncement expected on SIF closure
Solicitors Regulation Authority will disclose next week whether it will ditch or defer plans to shut the Solicitors Indemnity Fund.
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NewsRegulators consider forcing firms to sign up to review websites
Legal Services Board paper says sites could become mandatory if progress is not fast enough.
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OpinionShould regulation toughen us up or protect the client?
A Legal Services Board report raises an interesting question for all lawyers.
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NewsSRA plans to prosecute any solicitor flouting pre-med ban
New rules came into force last week requiring a medical examination for any successful whiplash claim.
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NewsFirms are boosted by online reviews, claims SRA
Regulator’s pilot scheme has secured 70 firms to sign up to greater engagement with review and comparison websites.
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NewsMore CPD hours a ‘blunt instrument’ for ensuring high standards
New report commissioned by the LSB says there is greater scope for lawyer self-assessment.
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NewsDiversity progress stalled by regulators’ weak use of data
Report for Legal Services Board finds only ‘minor change’ and lack of trust about requests for diversity data.
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NewsReports against barristers have doubled, says regulator
Bar Standards Board grappled with almost 800 reports in February 2021, many concerning government law officers.
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NewsHillsborough solicitor had no duty to correct the court
Charge of perverting the course of justice did not apply to public inquiry into 1989 disaster, court rules.
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OpinionHeed the shoeshine boy theory - but crypto is more than Bitcoin
Digital assets should be brought inside the regulatory tent before the coming crash.
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NewsConsumer clients say they are happy to Zoom with their lawyer
New survey finds positive feeling about remote consultations even after the pandemic.
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NewsSRA votes to keep online exams after lockdown
Feedback on remote proctoring has been positive despite one-off issues, says regulator.
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NewsSRA shelves Compensation Fund cuts
Regulator had proposed to reduce the limit on individual claims from £2 million to £500,000.
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NewsDon’t close the SIF in this tough insurance market, SRA urged
Law Society and Legal Services Consumer Panel join hands in call for alternative arrangements to be made.