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SRA postpones introduction of third-party alternative to client account
Thursday, 10 September 2015The introduction of third-party managed accounts as an alternative to traditional client accounts will be postponed by at least a year to the end of 2016, the Solicitors Regulation Authority board decided yesterday. However, the board approved a mixed bag of deregulatory rule changes on other issues.
Tags: Alternative business structures, Solicitors Regulation Authority, third-party accounts
Posted in Latest news, Regulation, Solicitors
Referral fees in criminal cases could lead to “arrest chasing”
Wednesday, 17 June 2015Removing the ban on referral fees in criminal cases could lead to “arrest chasing” by solicitors, the Bar Council has warned, and result in “as much public opprobrium” as ambulance chasing. However, the Bar Council backed third-party accounts for solicitors.
Tags: Bar Council, legal aid, referral fees, Solicitors Regulation Authority, third-party accounts
Posted in Latest news, Regulation, Solicitors
Little interest from solicitors in third-party client accounts, survey suggests
Wednesday, 3 June 2015Only 5% of solicitors would be interested in transferring their client accounts to a third party, a survey of firms in the south east has suggested. The SRA is consulting on whether to allow the move.
Tags: referral fees, reserved activities, Solicitors Regulation Authority, third-party accounts
Posted in Latest news, Regulation, Solicitors
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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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