The chief executive of the Solicitors Regulation Authority has admitted that alternative business structures (ABSs) ‘haven’t worked’ as expected, while urging solicitors to take advantage of recent rule changes, enabling them to team up with accountants in ‘one-stop shop’ advisory firms.
Tracey Calvert, director of Oakalls consultancy Limited offers, some pointers and initial thoughts to bear in mind regarding the upcoming consultation from the SRA.
At our recent Risk and Compliance Section annual conference, Kathryn Stone OBE, chief ombudsman at the Legal Ombudsman, led a session on client care from an ombudsman’s perspective.
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.