Tag Results
LSB: SMEs attracted by firms with price transparency
Monday, 6 August 2018When small businesses believe they can trust the transparency of legal providers on fees, they are twice as likely to seek the advice of lawyers, according to the Legal Services Board.
Tags: Legal Services Board
Posted in Barristers, Latest news, Legal Executives, Legal Services Board, Other lawyers, Solicitors
LSB gives thumbs up to regulators’ action plans for price and service transparency
Tuesday, 3 October 2017The Legal Services Board has marked as “sufficient” action plans produced by legal regulators to introduce price transparency and release other information to the public to help with purchasing decisions. The verdict on the original action plans published at the end of June came in the wake of the regulators moving to the next stage of consulting on how they would implement transparency.
Tags: Competition and Markets Authority, Legal Services Board
Posted in Barristers, Latest news, Legal Executives, Legal Services Board, Other lawyers, Regulation, Solicitors
LSB decides against changing rules on telling clients about complaints procedures
Wednesday, 24 May 2017The Legal Services Board has dismissed concerns about the “negative” impact of its requirement that lawyers tell clients about their complaints procedures before any work has been done. Research found “negative reactions” to the prominence of this information but the board said the problem was how some lawyers have chosen to provide it.
Tags: Legal Services Board, Legal Services Consumer Panel
Posted in Client care, Latest news, Legal Services Act, Legal Services Board, Practice Management
LSB to lead push for “minimum disclosures” by law firms on price and service
Thursday, 20 April 2017The Legal Services Board has said it expects frontline regulators to introduce compulsory “minimum disclosures” by law firms on price and service. The LSB was responding to the Competition and Market Authority market study of legal services.
Tags: comparison websites, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Act, Legal Services Board, Regulation
Outstanding value? LSB persuades legal regulators to publish annual costs statements
Wednesday, 12 April 2017The Legal Services Board has persuaded all the legal regulators to produce straightforward annual statements on their costs so that practitioners can clearly see how their money is being spent, it has emerged. As a result, the LSB has shut down its cost of regulation project and publish its own statement of costs.
Tags: Legal regulators, Legal Services Board
Posted in Latest news, Legal Services Act, Legal Services Board, Regulation
Mixed response to LSB’s plan for regulatory overhaul, with Falconer calling for focus on unmet legal need instead
Wednesday, 14 September 2016Reactions from key legal services industry bodies to the Legal Services Board’s blueprint for radical form of legal regulation have ranged from enthusiastic welcome to anger at its timing, while the politician who introduced the Legal Services Act 2007 said tackling unmet legal need was more of a priority.
Tags: Bar Council, bar standards board, CILEX, Council for Licensed Conveyancers, Law Society, Legal Services Board, Legal Services Consumer Panel, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board
New ABS rules will smooth path for group structures and private equity, says SRA
Thursday, 11 August 2016Freeing up the rules on licensing alternative business structures will help the Solicitors Regulation Authority deal with more complex applications, such as those from businesses that form part of a group or have private equity investment, it has told the government.
Tags: Alternative business structures, bar standards board, Legal Services Board, Ministry of Justice, Solicitors Regulation Authority
Posted in Alternative business structures, Barristers, Latest news, Regulation, Solicitors
LSB declines to produce the “right” answer on indemnity insurance
Monday, 25 July 2016The Legal Services Board has shied away from recommending a single solution which all the legal regulators should follow on indemnity insurance. The LSB instead called on the regulators to work more closely together on the issue.
Tags: Bar Mutual, Indemnity insurance, Legal Services Board
Posted in Indemnity insurance, Latest news, Legal Services Act
LSB pushes for fully independent regulators to prevent professional bodies resisting reforms
Friday, 22 July 2016The Legal Services Board has argued more strongly than ever that professional bodies must be fully separated from regulators. In a letter to the justice select committee, Sir Michael Pitt, chairman of the LSB, argued that there was scope under existing arrangements for them to “resist reforms”.
Tags: independent regulation, Law Society, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Act, Legal Services Board, Regulation, Solicitors
LSB rule change to put spotlight on spending by professional bodies
Monday, 6 June 2016The Legal Services Board has announced a change in its practising certificate fee rules, which will put the spotlight on spending by professional bodies such as the Law Society and Bar Council. Both professional bodies opposed the change.
Tags: Bar Council, Law Society, Legal Services Board, PC fee
Posted in Latest news, Legal Services Act, Legal Services Board, 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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