News
Transparency – could we do better?October 25, 2023In the same week that the Solicitors Regulation Authority (SRA) hails the positive effect for consumers from the introduction of the Transparency Rules, the Law Society's Gazette has carried an article stating that only 42% of all solicitors firms are complying with those rules. The source for both is the same SRA sponsored report from Economic Insight.Read More
What drives PII premiums researchSeptember 19, 2023The Legal Services Board and Solicitors Regulation Authority publish joint research looking into the cost of professional indemnity insurance (PII) for law firms, and what factors drive differences in premium levels.Read More
LSB consults on measures to improve complaints proceduresSeptember 9, 2023LSB consults on proposals to ensure that people who use legal services have access to fair and effective complaint procedures and that lessons learned from complaints will be used to strengthen consumer protection and improve the quality and standards of legal services.Read More
Consultation on regulating CILEX members by SRASeptember 3, 2023SRA publishes a consultation on potential changes to its regulatory arrangements to enable it to be the regulator for authorised members of the Chartered Institute of Legal Executives (CILEX). This follows a CILEX consultation launched earlier this month on proposals to re-delegate the regulation of its members.Read More
LSB to Review Regulators’ PowersAugust 9, 2023Plans have been announced by the Legal Services Board (LSB) to carry out a review of the enforcement and investigative tools that are available to the legal services regulators such as the Solicitors Regulation Authority (SRA). In the light of the LSB’s long-held view that existing penalties may be insufficient to deter wilful and serious […]Read More
CILEX Lawyers to Take On Senior Judicial RolesJuly 20, 2023There have been developments at CILEx as a new President is appointed and a range of senior judicial positions open up to CILEX members for the first time, as new legislation comes into force.Read More
NCSC Publish Legal Sector Cyber Threat ReportJune 28, 2023National Cyber Security Centre (NCSC) publishes updated report "Cyber Threats to the Legal Sector" on how UK law firms can protect themselves from cyber threats and at what they need to look out for generally.Read More
SRA Issues Updated Health and Wellbeing GuidanceMay 4, 2023SRA issues updated guidance on the issues of wellbeing and those surrounding the risks of failing to protect and support colleagues at work, setting out the main standards that apply to solicitors, and to law firms and those responsible for their culture and the systems in place within them.
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SRA consult on rules to restrict excessive fee charging in financial mis-selling claimsApril 3, 2023SRA issues consultation on new rules designed to restrict excessive fee charging when firms make compensation claims on behalf of their clients for mis-sold financial products. Once finalised, the rules will introduce important new regulatory safeguards into the Standards and Regulations, and enable the SRA to deliver on its statutory duty under the Financial Guidance and Claims Act 2018Read More
Challenges facing in-house solicitorsMarch 16, 2023The Solicitors Regulation Authority (SRA) has undertaken a review of in-house solicitors to gain a greater understanding of the issues that they face. The review found that most respondents felt comfortable advising their employer that they could not take an unethical action, although a minority struggled to balance their duties with their organisation’s prioritiesRead More