Tag Results
Scottish Parliament approves ABSs with minority external investment
Thursday, 7 October 2010The Scottish Parliament yesterday approved the introduction of alternative business structures (ABSs) which are majority owned by solicitors and other regulated professionals. The Legal Services (Scotland) Bill completed its passage through Holyrood and allows external investors to hold 49% of any new legal services business.
Tags: ABS, Alternative business structures, Scotland
Posted in Alternative business structures, News
Scottish government to regulate will-writers
Wednesday, 2 June 2010The Scottish government has decided to push ahead with regulating non-lawyer will-writers, it has emerged. In a move that will intensify pressure on the Legal Services Board in England and Wales, the government plans to apply a set of regulatory rules, enforcement measures and sanctions to ensure non-lawyer will-writers conform to acceptable industry practice.
Tags: Scotland
Posted in Latest news, Legal Services Board, Other lawyers
Now Scottish solicitors vote to limit non-lawyers to minority stake in ABSs
Thursday, 27 May 2010Scottish solicitors have now voted to allow a minority of external ownership of law firms, it emerged today. In the latest twist of the ongoing saga of members of the Law Society of Scotland trying to find a compromise, two motions were narrowly passed at today’s AGM in favour of alternative business structures, but with inconsistent terms.
Tags: Alternative business structures, Scotland
Posted in Alternative business structures, Latest news
Scots push solicitor majority ownership compromise in ABSs row
Friday, 30 April 2010The council of the Law Society of Scotland has today ditched its support for all forms of alternative business structures and instead backed a compromise that favours majority ownership of law firms remaining with solicitors, or solicitors with other regulated professionals.
Tags: Alternative business structures, Scotland
Posted in Alternative business structures, Latest news
Scottish solicitors oppose ABSs in latest vote
Wednesday, 21 April 2010Scottish solicitors have voted against the planned introduction of alternative business structures (ABSs), it was announced today. Law Society of Scotland members voted 3:2 that only solicitors should own law firms, while a compromise that solicitors should be in the majority of owners was defeated, despite support from the floor at today’s reconvened SGM.
Tags: Alternative business structures, Scotland
Posted in Alternative business structures, Latest news
Scottish solicitors narrowly back ABSs
Thursday, 8 April 2010The row about introducing alternative business structures in Scotland took a fresh turn this week after members of the Law Society of Scotland voted very narrowly to support the current policy in favour of them.
Tags: Alternative business structures, Scotland
Posted in Alternative business structures, Latest news
Scotland to regulate will-writers
Tuesday, 9 February 2010The case to regulate will-writers in England and Wales is likely to strengthen with moves by the Scottish Executive to introduce regulation north of the border.
Tags: Regulation, Scotland, unregulated providers
Posted in Latest news, Regulation
Scots back independent regulation of lawyers
Monday, 8 February 2010Seven in 10 Scots want independent regulation for lawyers, a survey by Which? has found. The Legal Services (Scotland) Bill – introducing similar reforms to the Legal Services Act 2007 south of the border – is in the early stages of its passage through the Scottish Parliament.
Tags: Regulation, Scotland
Posted in Latest news, Regulation
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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