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Scottish conveyancers have voted against the introduction of separate representation for borrowers and lenders – having initially called for it. At an SGM of the Law Society of Scotland yesterday, 847 were against a rule change to the conflict of interest rules while 671 were in favour.

Early interest in the Scottish form of alternative business structures is coming from solicitors looking to form partnerships with other professionals, rather than seeking external investment, the Law Society of Scotland has revealed.

City law firms facing conflict issues overseas should apply the rules that apply in the relevant jurisdiction, the Solicitors Regulation Authority has suggested. Meanwhile, the SRA and the Law Society of Scotland have begun discussions on an intra-UK regulatory regime.

Our latest round-up of other news of interest to Legal Futures readers includes a survey of among larger firms about ABS intentions, a lay majority on the BSB, women lawyers convinced male colleagues are paid more, good news for a big LPO provider and much more.

Scotland’s larger law firms saw a rise in profits last year despite a 11% dip across the profession as a whole, research has found. The Law Society of Scotland’s survey showed that average profits per equity partner fell from £72,000 in 2009 to £64,000 last year. It is the second consecutive drop, from a high in 2008 of £104,000.