Tag Results
Competition and Markets Authority mulls review of legal sector
Monday, 17 November 2014The Competition and Markets Authority is considering whether to launch a review of the legal services market, it has emerged. It was a report in 2001 by its predecessor, the Office of Fair Trading, which began the process that led to the Legal Services Act 2007.
Tags: competition, Competition and Markets Authority, Legal Services Act, Legal Services Board, Office of Fair Trading
Posted in Latest news, Legal Services Board
Solicitor appeals against OFT sanction
Friday, 28 February 2014A solicitor who faces the unusual sanction from the Office of Fair Trading of being excluded from the group consumer credit licence held by the Law Society is appealing against the decision.
Tags: Office of Fair Trading
Posted in Latest news, Solicitors
LSB and consumer panel back OFT call for simpler legal regulation
Monday, 21 January 2013The Legal Services Board and Legal Services Consumer Panel have thrown their weight behind Friday’s Office of Fair Trading report that urged continuing simplification of the regulatory regime for lawyers, particularly around complaints.
Tags: Legal Ombudsman, Legal Services Board, Legal Services Consumer Panel, LeO, Office of Fair Trading
Posted in Consumer panel, Latest news, Legal Ombudsman, Legal Services Board
Banks warn LSB off seeking to regulate them for will-writing and estate administration
Friday, 3 August 2012It is hard to see which of the frontline regulators would regulate banks if will-writing and estate administration become reserved legal activities, the British Bankers Association has said. It also said FSA regulation covered what the Legal Services Board was seeking to do.
Tags: estate administration, Financial Services Authority, Legal Services Board, Office of Fair Trading, reserved legal activities, Solicitors Regulation Authority, will-writing
Posted in Latest news, Legal Services Board
BIS mulls ban on law firms and third-party funders launching new collective actions
Thursday, 26 April 2012Law firms and third-party funders will not be allowed to initiate group actions for breach of competition law – and such cases will be exempt from the move towards allowing solicitors to work on a contingency fee basis, under proposals published this week by the government.
Tags: competition, contingency fees, Litigation Funding, Office of Fair Trading
Posted in Latest news
Licensed conveyancers refused right to conduct litigation and advocacy – for now
Thursday, 5 April 2012The Legal Services Board yesterday rejected a bid to allow licensed conveyancers to conduct litigation and advocacy, after more than a year of consideration. It had run into fierce opposition from the Lord Chief Justice and the Law Society.
Tags: advocacy, Council for Licensed Conveyancers, Law Society, Legal Services Board, Legal Services Consumer Panel, litigation rights, Office of Fair Trading, reserved legal activities
Posted in Latest news, Legal Services Board, Other lawyers
News round-up: HighStreetLawyer.com expands, firm recruits COLP, will-writer training boost, and much more
Friday, 9 March 2012Our regular round-up of bits of news you may have missed include new locations for the HighStreetLawyer.com network, a firm recruiting its COLP, firms launching joint ventures and targeted services, professional training for will-writers, money laundering warning, and more.
Tags: anti-money laundering, bar standards board, Chartered Institute of Legal Executives, claims management companies, COLP, compliance officer for legal practice, Institute of Professional Willwriters, joint ventures, Law Society, Legal Services Board, money laundering, Office of Fair Trading, will-writing
Posted in Latest news, News In Brief
SRA calls on government to provide more clarity over referral fee ban
Wednesday, 1 February 2012The government needs to provide further clarity and guidance on how the ban on referral fees will operate in practice, the Solicitors Regulation Authority has warned. Issues such as the definition of a referral fee need to be resolved.
Tags: Association of British Insurers, bar standards board, claims management companies, Financial Services Authority, Office of Fair Trading, personal injury, referral fees, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Law Society targets BTE test case as competition watchdog seeks action over way legal cover is sold
Thursday, 15 December 2011The Law Society is targeting a fresh attack on before-the-event legal expenses insurers by seeking out a test case that aims to loosen their grip on policyholders’ choice of solicitor, it has emerged. The news comes as the Office of Fair Trading called for improvements in the way insurers sell the product.
Tags: Financial Services Authority, Law Society, legal expenses insurance, Office of Fair Trading
Posted in News
Revealed: SRA mulls leniency scheme for law firm whistleblowers
Monday, 19 September 2011The Solicitors Regulation Authority is formulating a whistleblowers’ charter and leniency scheme for those who reveal misconduct at law firms and alternative business structures, Legal Futures can report. Co-operation will be accepted as mitigation.
Tags: compliance, Financial Services Authority, Office of Fair Trading, Solicitors Regulation Authority
Posted in 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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