News – Page 2
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News
Financial resilience for law firms: Should you take up any of the coronavirus financial assistance schemes?
Andrew Allen looks at the potential risks of some of the government schemes designed to support businesses through lockdown, and looks at other ways law firms can ensure their financial resilience during the pandemic and beyond
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Law Society resources for safe return to the office
The Law Society has published a practical framework and toolkit to help law firms return to the office safely, in response to government guidance.
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Our library staff are here to help
Library staff are working from home to provide a limited enquiry and document delivery service from Monday to Friday, between 10am to 4pm.
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The Law Management Section Financial Benchmarking Survey 2020 report
The results of the Financial Benchmarking Survey 2020 are out.
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COVID-19 legal relief initiative
In response to the coronavirus (COVID-19) situation, Law Society partner Clio has launched a $1million USD legal relief initiative.
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IR35 changes delayed to 2021
Following a review of its plans in January 2020, HM Revenue and Customs (HMRC) has confirmed that changes to off-payroll working rules known as IR35 in the private sector will go ahead.
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Closure of the Solicitors’ Indemnity Fund
The Solicitors’ Indemnity Fund will close on 30 September 2020. This may leave former principles of law firms liable for future claims. Make sure you’re prepared.
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IR35 change: rules to apply only to services provided after 6 April
HM Revenue & Customs has announced an amendment to its changes to IR35, the off-payroll working rules: instead of applying to all payments made after 6 April 2020, the changes will only apply to payments made for services delivered after 6 April 2020
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Law Society responds to independent review of legal services regulation
We have responded to Stephen Mayson’s interim report, expressing our concerns that the proposals would lead to a less coherent alternative to the existing regime
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What you need to know about AMLD5
The EU’s 5th Money Laundering Directive (AMLD5) came into force on 10 January 2020. The Legal Sector Affinity Group (LSAG), which includes the Law Society and all the legal sector supervisors named in the anti-money laundering regulations, has published a summary of changes brought in by AMLD5
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Government reviewing IR35 changes
In April, changes are due to come into force relating to the payment of contractors and other off-payroll workers. On 7 January 2020, the government announced that it will be reviewing the process for the implementation of the changes
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Financial predictions for 2020
Law Management Section committee member Andrew Allen asks whether the year ahead will see financial instability returning to the legal sector
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SRA drops plans to lower PII
News that the Solicitors Regulation Authority (SRA) is to drop proposals to lower the levels of professional indemnity insurance (PII) has been welcomed by the Law Society.
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Accessing your benefits as a Section member
As a Section member, you can access premium online content and come to inclusive events and webinars.
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Law Society releases practice notes on SRA Standards and Regulations
The Solicitors Regulation Authority’s Standards and Regulations are effective from 25 November 2019.
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Changes to your website, magazine and e-newsletters
This summer, we are making changes to the Law Management Section magazine, website and e-newsletters
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Learning and career development: share your views
Tell us what you think of our proposals for a new learning and career development member offer – by taking part in a virtual focus group on Thursday 25 April.
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Financial Benchmarking Survey shows mid-sized law firms experiencing solid growth
The results of the Financial Benchmarking Survey 2019 are out.
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SDT announces planned change to standard of proof
The Solicitors Disciplinary Tribunal (SDT) has announced that it will apply to adopt the civil standard of proof when it hears cases brought by the regulator
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SRA delays launch of new regulatory regime to November
The new regulatory regime, replacing the SRA Handbook with new SRA Standards and Regulations, will now come into force on 25 November 2019
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