Tag Results
What’s in a word?
Thursday, 19 April 2012Governance seems to be the Solicitors Regulation Authority’s new favourite word. It crops up in the most fashionable parts of the SRA Handbook – in her latest blog on COLPs and COFAs, Allison Wooddisse, head of Legal Futures Associate LexisPSL Practice Compliance, tries to work out what the SRA means when it talks about law firms’ governance.
Tags: authorisation rules, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Code of Conduct, Solicitors Regulation Authority, SRA Handbook
Posted in Blog
Firms “need to develop” whistleblowing and client account interest policies
Thursday, 12 April 2012Law firms need to establish policies on whistleblowing and the interest they pay to clients, according to a leading regulatory solicitor. Other key issues troubling firms include preparing a business plan and compliance with provisions on outsourcing.
Tags: client account interest, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, outsourcing, Solicitors Regulation Authority, SRA Handbook
Posted in Accounts rules, Latest news, Solicitors
A compliance plan: the Emperor's new clothes?
Monday, 12 March 2012Is a compliance plan a COLP’s need-to-have or simply a nice-to-have and, more to the point, what on earth is a compliance plan? Compliance plans are the Emperor’s New Clothes of the SRA regulatory regime. Everyone’s talking about them, but no-one wants to admit they can’t see them and they don’t know what they are. There’s a good reason for this – compliance plan requirements are virtually invisible in the SRA Handbook. Allison Wooddisse explains.
Tags: code of conduct, COFA, COLP, compliance, compliance officer for finance and administration, compliance officer for legal practice, Solicitors Regulation Authority, SRA Handbook
Posted in Blog
SRA agrees third version of Handbook in six months – with another one set for June
Friday, 2 March 2012The board of the Solicitors Regulation Authority this week approved the third edition of the SRA Handbook since it went live last October, with a fourth one due before the end of June. The SRA said it recognised the disruption this would cause but argued that the updates have been unavoidable.
Tags: Alternative business structures, Law Society, Legal Services Act, Solicitors Code of Conduct, Solicitors Regulation Authority, SRA Handbook
Posted in Alternative business structures, Latest news, Solicitors
Blog
Keeping the conversation going beyond Pride Month
As I reflect on all the celebrations of Pride Month 2024, I ask myself why there remains hesitancy amongst LGBTQ+ staff members about when it comes to being open about their identity in the workplace.
Third-party managed accounts: Your key questions answered
The Solicitors Regulation Authority has given strong indications that it is headed towards greater restrictions on law firms when it comes to handling client money.
Understanding vicarious trauma in the legal workplace
Vicarious trauma can happen to anyone who works with clients who have experienced trauma such as domestic or other violence, child abuse, sexual assault, torture or being a refugee.
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