The new regulatory regime, replacing thr SRA Handbook with new SRA Standards and Regulations, will now come into force on 20 November 2019
Andrew Allen provides an overview of the changes to the SRA Accounts Rules, expected to come into force in April 2019. What are the challenges and opportunities, and what do firms need to do now to prepare?
PII is in flux. The market is hardening, free post-run-off cover is ceasing, regulatory changes will introduce classes of solicitor with less or no cover, and proposed changes could reduce minimum cover. Steve Ray and Jenny Screech round up the changes, and the likely effects
Jonathon Bray provides a personal perspective on the SRA’s new rulebook, and the complexity it could create in the profession
From 6 December 2018, law firms undertaking a number of common areas of work will need to publish price- and service-related information on their websites. Sarah Brodie looks at what this could mean in practice
What action should your firm be taking in a no-deal scenario? The Law Society has published a series of papers for solicitors in the event of a no-deal Brexit, including the impact of the loss of judicial cooperation mechanisms and how to provide legal services in the EU.
Following the introduction of mandatory gender pay gap reporting in 2017, the Law Society has produced guidance for the profession to capture the best practice that will help us set the right standards for the legal sector and build a clearer picture and way forward
The Legal Services Board (LSB) has confirmed it will rubber-stamp changes to allow multiple tiers of solicitors and reduce protections for the public. We believe these changes will put consumers at risk
Law firms will have to publish details of their employees’ experience and the time work is likely to take – as well as their prices – when new transparency rules come into force in December.
Amy Bell offers her top five tips for accounts staff to help in the fight against money laundering through client accounts
The Solicitors Regulation Authority has now submitted its proposed Handbook reforms to the Legal Services Board. Paul Bennett looks at the changes in the new versions, and what you need to do now to get prepared
Paul Bennett looks at the ethical aspects of how law firms should manage misconduct, and why the 2019 regulatory changes will mean firms need to manage ethical risk in a new way
In new guidance, the Legal Ombudsman (LeO) has urged firms to consider investing in a corporate email solution that can be properly protected rather than web-based solutions.
Regulators have begun a major review of reporting requirements for firms dealing with suspected misconduct by their employees.
Lucy Trevelyan looks at the professional indemnity insurance landscape for the years ahead. How can firms take advantage of a soft market and prepare for it hardening? What might proposed changes to minimum cover mean for the profession and clients?
The Solicitors Regulation Authority (SRA) is pushing ahead with rule changes that will create different tiers of regulation within the solicitor profession. The Law Societry has urged the Legal Services Board (LSB) to reject these proposals.
The Solicitors Regulation Authority (SRA) wants to reduce the minimum levels of insurance cover that regulated firms must hold. The Law Society will be submitting our analysis of the proposals. But one of the questions we are left with is: who will benefit from these reforms?
Reducing consumer protection standards in legal services would hurt solicitors and clients alike, the Law Society has said in response to proposals to slash levels of mandatory professional indemnity insurance (PII) cover for solicitors.
The GDPR is just four months away. Firms may already be prepared for major changes to how they handle client data, but do you know it also applies to data on your people? Andrew Kimble and Dan Fawcett provide a guide for managing partners and HR professionals
The Solicitors Regulation Authority is set to introduce a new compliance regime, and the changes are the most significant since 2011. Paul Bennett outlines the proposals and their potential impact, to help you plan ahead
The Law Society has responded to two Solicitors Regulation Authority consultations: ‘Looking to the Future: better information, more choice’ and ‘Looking to the Future: phase two of our Handbook reforms’
The Law Society has published a briefing summarising the SRA’s proposals on handbook reform and price and service transparency
A risk register may seem like just another regulatory requirement, but an effective one can help you not only identify and mitigate risks, but also reduce your insurance premiums, build client loyalty, and reduce complaints. Pearl Moses explains.
The new money laundering regulations have been in force for over three months, but is your firm compliant? Alison Matthews provides an overview of the requirements for law firms.
The continuing competence regime, replacing the old CPD requirement, came into force nearly a year ago. Anna Gregory explains how her firm has embraced the new approach to introduce an experiential learning culture, including action learning.
The legal press is full of stories about the risks of the new General Data Protection Regulation, but might there be an upside to compliance? Ann Harrison looks at the potential benefits – as well as the burdens and risks.
The Law Society Gazette has published a sponsored supplement on cybersecurity issues for law firms
The Law Society’s Practice Advice Service shares information on assessing potential cyber risks
Do you know that your law firm is a data controller under the new General Data Protection Regulation, and you must comply with them, or face fines of up to €20m or four per cent of your annual global turnover? Owen O’Rorke provides a beginner’s guide to compliance
Having the SRA arriving at your firm with a production order requiring you and your firm to deliver documents to it is a daunting experience. Paul Bennett outlines how to get your firm ready for investigation in case it should happen
The Law Society has called for an independent government inspector to enforce workplace rights, employment statuses and rights to be clearly defined in a single piece of law, and for large employers to report publicly on their employment practices
News that the Solicitors Regulation Authority (SRA) is set to push ahead with changes to the rules governing solicitors has been greeted with dismay by the Law Society.
Being served with a production order under the Proceeds of Crime Act 2002 can be a frightening experience. Paul Bennett explains how your firm can get prepared, and respond effectively and lawfully if you’re served
Join this webinar to gain practical guidance on how to minimise your website compliance risk.
The SRA published a consultation on proposed changes to the Handbook for solicitor and firm regulation on 1 June. We believe that the proposals, if accepted, will leave clients and consumers with less protection and could result in a ‘two-tier’ solicitor profession
The Solicitors Regulation Authority is consulting on major changes to the SRA Handbook. Law Society chief executive Catherine Dixon outlines the risks the proposals present to the legal profession and to clients
The SRA Code of Conduct obliges law firms to ensure their fees are transparent to their clients. Firms must not be seen to generate secret profits. Jason Mitchell looks at how to maintain compliance
In June, the Solicitors Regulation Authority launched a consultation on proposed changes to the SRA Handbook. But are the changes the right ones? And how could they affect firms and their leaders? Paul Bennett, Melanie O’Brien, Matt Howgate and Sarah Charlton consider
The changes to continuing professional development will be mandatory from 1 November 2016. Nicola Jones and Jane Green-Armytage look at how firms are responding, and the pros and cons of adapting the old regime versus embracing a competency-based approach
Why don’t most compliance programmes work in practice? Because the traditional theory on which they are based doesn’t take into account how people really behave. Barry Vitou looks at what we can learn from a more recent approach: nudge theory
The City of London’s Economic Crime Prevention Centre has provided advice for solicitors on tackling scams targeted at solicitors’ firms. The article discusses common types of scams and offers practical prevention advice.
SRA set to review the Accounts Rules this spring - let us have your views to form our policy position
Outcomes-focused regulation was intended to offer firms greater flexibility, but many now cite compliance obligations as a significant burden. Leading commentators and practitioners talk to Lucy Trevelyan about trends in regulation, and offer their top tips for effective compliance.
The Law Society has published guidance for solicitors to help them adapt to the Solicitors Regulation Authority’s new learning and development regime, known as ‘Continuing Competence’
The Law Society has launched the first of a suite of interactive ethical scenarios, through its online continuing professional development centre, to support solicitors to recognise and navigate difficult situations they may encounter in their professional lives
Crispin Passmore explains how the SRA intends to reform how it regulates financial management in response to changes in consumer and market behaviours
Jo Morris discusses the difficulties faced by compliance officers and provides a taster of her session at the LMS finance and business conference on 17 November
Mark Carver provides his top tips for managing client files and minimising risk exposure
The current CPD system is being replaced by the continuing competence scheme. Our updated practice note explains the transitional arrangements and gives advice on how to get the most from your CPD activities
Paul Bennett explains how law firms should respond to a production order under the Proceeds of Crime Act 2002