The Solicitors Regulation Authority 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 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 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
The Law Society Gazette has published a sponsored supplement on cybersecurity issues for law firms
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.
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
Crispin Passmore explains how the SRA intends to reform how it regulates financial management in response to changes in consumer and market behaviours
The Solicitors Regulation Authority’s focus on financial stability is part of a wider change to the regulatory environment, and what compliance means in practice. George Bull explains how to assess your firm against the regulator’s risk indicators
This edition features the Financial Benchmarking Survey, ABSs, retirement planning, regulatory change, a business health check, data protection, client care letters, PR, change management, risk management, fees for PI work, and pensions auto-enrolment
This edition features ABSs, becoming a niche practice, tax planning, legal project management, using your partner reward system to achieve competitive advantage, and the challenges for legal businesses of the move towards paperless courts
This edition features the LMS Financial Benchmarking Survey, how to access and use business intelligence, the Lexcel and the Excellence in People standards, ABSs, leadership, compliance planning, whistleblowing, and lean techniques