Tag Results
Lawyers expect more MDPs and big brands to enter market – and they’re not happy about it
Monday, 24 November 2014Lawyers expect the opening up of the legal market to lead to more multi-disciplinary professional services companies, offering consultancy, business and legal advice, research has shown.
Tags: MDP, multi-disciplinary practice
Posted in Alternative business structures, Latest news
SRA’s changes to licensing MDPs: don’t believe the hype
Thursday, 6 November 2014It is plain that the SRA is keen to be seen as innovative, forward-thinking and ultimately the ‘regulator of choice’ when it comes to MDP ABSs. However, when you look beyond the hype of this development and consider the detail, it becomes clear that the SRA’s methodology in licensing MDPs is fundamentally flawed.
Tags: ABS, Alternative business structures, Legal Services Board, MDP, multi-disciplinary practice, Solicitors Regulation Authority
Posted in Blog
SRA’s “flexible” approach to MDPs backed by LSB
Friday, 24 October 2014The Legal Services Board has backed a new “flexible” approach by the Solicitors Regulation Authority aimed at making it easier for multi-disciplinary partnerships to become licensed as alternative business structures.
Tags: Legal Services Board, MDP, multi-disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Board, Regulation
Law Society accuses SRA of helping large accountancy firms over others
Monday, 22 September 2014Solicitors Regulation Authority plans to make it easier for multi-disciplinary practices to be licensed as alternative business structures will give the large accountancy firms a competitive advantage, the Law Society has claimed.
Tags: ABS, Alternative business structures, Law Society, MDP, Multi-disciplinary practices, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
Legal Ombudsman outlines test for dealing with complaints about MDPs
Friday, 19 September 2014The Legal Ombudsman has introduced a policy for dealing with complaints about organisations which provide non-legal as well as legal services, such as some alternative business structures and, shortly, accountants who offer probate advice.
Tags: ABS, Alternative business structures, complaints, Legal Ombudsman, Legal Services Act, LeO, MDP, multi-disciplinary practice, separate business rule
Posted in Alternative business structures, Latest news, Legal Ombudsman
SRA board backs moves to help MDPs, but charts cautious course on ditching accountants’ reports
Wednesday, 17 September 2014The board of the Solicitors Regulation Authority today approved a series of measures to further its regulatory reform programme, including making it easier for multi-disciplinary practices to become alternative business structures.
Tags: accountants, MDP, multi-disciplinary practice, Solicitors Accounts Rules, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
SRA mulls scrapping COLP/COFA regime for small firms
Thursday, 4 September 2014The Solicitors Regulation Authority (SRA) is to review whether the requirement for small law firms to have compliance officers is “overkill”, it emerged today.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, MDP, Solicitors Regulation Authority
Posted in Latest news, Solicitors
LSB attacks SRA’s “over-engineered” approach to MDPs and non-lawyer owners
Monday, 21 July 2014The Legal Services Board has attacked the Solicitors Regulation Authority for having “over-engineered” its approach to regulating multi-disciplinary alternative business structures and to approving non-lawyer owners.
Tags: ABS, Alternative business structures, Legal Services Board, MDP, Multi-disciplinary practices, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Act, Regulation, Solicitors
SRA goes ahead with £500,000 PII limit but postpones other reforms
Thursday, 3 July 2014The Solicitors Regulation Authority has decided to go ahead with cutting the minimum compulsory cover for indemnity insurance from £2m to £500,000, despite strong opposition from the Law Society.
Tags: compensation fund, conveyancing, MDP, multi-disciplinary practice, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
SRA chief executive outlines “back to basics” approach
Friday, 16 May 2014The new chief executive of the Solicitors Regulation Authority, Paul Philip, has used one of his first public platforms since being appointed to outline the new “back to basics” approach he wants the regulator to take.
Tags: ABS, Alternative business structures, MDP, Multi-disciplinary practices, separate business rule, Solicitors Regulation Authority
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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