Tag Results
High Court rejects challenge to closure of ABS from solicitor who “lost ethical compass”
Wednesday, 13 May 2015The High Court has rejected a challenge to the closure of an alternative business structure by the Solicitors Regulation Authority. It was the first time an ABS closure decision has been tested in the High Court.
Tags: Alternative business structures, High Court, intervention, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Regulation, Solicitors
SRA: interventions due to dishonesty on the rise
Wednesday, 12 February 2014The Solicitors Regulation Authority recorded a sharp rise in the number of interventions last year that involved suspected dishonesty, new figures have revealed. It also highlighted growing delays in cases going through the Solicitors Disciplinary Tribunal.
Tags: ABS, Alternative business structures, intervention, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA decides against testing thousands of firms for financial stability
Thursday, 28 November 2013The Solicitors Regulation Authority has decided against testing the financial stability of thousands more law firms despite concerns about how widespread problems are in the profession, it announced yesterday.
Tags: compensation fund, financial stability, intervention, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Call for ‘intervention lite’ to turn around distressed firms and halt asset-stripping
Monday, 5 August 2013The Solicitors Regulation Authority needs to establish a new expert panel that would be called in to help avoid formal intervention into failing law firms – dubbed ‘intervention lite’ – a specialist solicitor has claimed.
Tags: intervention, personal injury, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Appeal court criticises SRA as it raises possibility of more time to challenge interventions
Friday, 19 July 2013There may be circumstances in which the eight-day period solicitors have to challenge interventions into their practices should be extended, the Court of Appeal has suggested.
Tags: intervention, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA uncovers 205 more firms to probe over lack of compliance officers
Tuesday, 11 June 2013The Solicitors Regulation Authority (SRA) is working its way through the hundreds of firms and individuals facing enforcement action over compliance officer failures – but has now found another 205 firms that require investigation.
Tags: COFA, COLP, compensation fund, compliance officer for finance and administration, compliance officer for legal practice, intervention, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Law Society backs SRA “raid” on compensation fund but calls for alternatives to intervention
Friday, 31 May 2013The Solicitors Regulation Authority needs to consider alternatives to intervening in failing law firms, the Law Society has said, while accepting the “emergency” need for the regulator to dip into the Compensation Fund to pay for the unexpectedly high cost of interventions this year.
Tags: intervention, Law Society, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in Latest news, Solicitors
“Pointless” consultation to set out SRA plan to pay soaring intervention costs from compensation fund
Thursday, 25 April 2013Solicitors Regulation Authority plans to consult on whether the cost of interventions in failing law firms should be borne by the Compensation Fund have been queried as pointless because there is no realistic alternative.
Tags: intervention, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Blakemores boss outlines financial blows that led to demise and says “Lawyers2you nearly saved us”
Wednesday, 13 March 2013The managing partner of Blakemores – which suddenly closed on Monday – said the firm was almost saved by its consumer-facing Lawyers2you brand but succumbed to a string of financial blows. Guy Blakemore gave a candid interview to Legal Futures.
Tags: intervention, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA: BME solicitors face increasingly disproportionate number of conduct complaints
Friday, 11 November 2011The proportion of black and minority ethnic solicitors (BME) named in complaints about conduct to the Solicitors Regulation Authority surged last year, the third year in which the figure has risen. BME solicitors comprised 27% of all conduct complaints.
Tags: BME, intervention, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in News, Solicitors