Solicitors’ Indemnity Fund extended to 2022
Following our request, the Solicitors Regulation Authority (SRA) has decided to extend the life of the Solicitors Indemnity Fund (SIF) for a further 12 months.
Solicitors’ Indemnity Fund closure: prepare against future claims, solicitors warned
The Law Society has issued a series of warnings ahead of the closure of the Solicitors Indemnity Fund (SIF) on 30 September 2021 – a move that could leave former owners of law firms that shut in the past two decades liable for losses for any new claims.
Legal Services Board proposes 10-year strategy for legal sector
The Legal Services Board (LSB) has proposed a new 10-year strategy for the whole legal sector, and consulted on the proposals from 9 December 2020 and 5 February 2021.
New COVID tiers in England – what they mean for your firm
The government has published guidance on the new local restrictions, which will come into effect from 2 December 2020.
Free reign
Paul Bennett looks at the new freedoms introduced by the Solicitors Regulation Authority in 2019: what should you consider if you’re thinking about taking advantage of the new freedoms, and how can law firms compete with the new models?
The big five
Jo Morris outlines the changes brought in by the Fifth Anti-Money Laundering Directive, and what you need to do to ensure your firm is compliant
Pay heed
In April, the government is planning to make changes to IR35 – the rules around the tax treatment of off-payroll contractors. Scott Campbell explains the changes, and how they could apply to your firm
Human interest
The new SRA Standards and Regulations have made significant changes relating to referral arrangements, and clarified the regulator’s core view: that all referral arrangements must be in the client’s best interest. Paul Bennett explains
State of independence
The SRA introduces a new ‘freelance solicitor’ model next month, allowing solicitors to provide legal services on a freelance basis. But how will the model work in practice, and could it be for you? Marzena Lipman takes a closer look
Free and easy?
What does the new ‘gig economy’ freelancer model mean for your firm? Why is this a management issue? Paul Bennett looks at some of the key challenges
Be prepared
The new SRA Accounts Rules will come into force on 25 November 2019. Rosy Rourke of Armstrong Watson outlines the changes, and what law firms should be doing now to prepare
