News
SRA to seek extension of Solicitors Indemnity FundApril 22, 2022SRA to seek a further 12-month extension to the Solicitors Indemnity Fund (SIF) to September 2023 so as to enable detailed consideration of key points raised in feedback to the consultation that ended in January.Read More
Law Society Launches Risk and Compliance AccreditationMarch 28, 2022Law Society launches a new form of accreditation aimed at individuals working in the legal sector who want to demonstrate their knowledge and skill of risk and compliance to stakeholders and prospective clients.Read More
Financial Sanctions UpdateMarch 19, 2022SRA updates its financial sanctions guidance to solicitors to make sure they adhere to the Government’s sanctions on Russian nationals and organisations in light of the conflict in Ukraine.Read More
SRA Consults on a Workplace Culture RuleMarch 10, 2022Solicitors Regulation Authority launches a consultation on proposed changes to its rules that would reinforce its powers to deal with risks to clients and the public when these stem from a poor work culture in law firms and to clarify its approach to situations where a solicitor’s health affect his or her ability to practiseRead More
Law Society and LSCP Oppose SIF ClosureFebruary 17, 2022The Law Society and the Legal Services Consumer Panel have joined together in opposing Solicitors Regulation Authority plans to weaken consumer protection by closing the Solicitors Indemnity Fund (SIF) with nothing to replace it.Read More
Access to Legal ServicesFebruary 11, 2022SRA commissions new research designed to take a wide-ranging look into what gaps in legal services provision may exist across England and Wales, and what impact this might have on different groups of consumersRead More
Increased Scams Warning from UK FinanceFebruary 2, 2022UK Finance’s Take Five to Stop Fraud campaign is warning small and medium sized enterprises (SMEs) in the UK to be alert for scams targeting businesses, especially those with people working from home.Read More
Mandatory cyber insuranceJanuary 19, 2022CLC consults on possible changes to its professional indemnity insurance (PII) cover for conveyancers and probate lawyers which could include a proposal that stand-alone cyber insurance should be made to be mandatoryRead More
Government Cryptoasset PlansJanuary 19, 2022Government publishes details of its plans to strengthen the rules on crypto asset advertisements and to protect consumers from misleading claims making them subject to FCA rules in line with other financial promotions such as stocks, shares, and insurance products.Read More
New Blockchain GuidanceJanuary 12, 2022The Law Society has published a second edition of its blockchain report. Produced in association with Tech London Advocates (TLA) Legal and Regulatory Group, the report covers a range of key issues of which legal practitioners need to be aware when advising on distributed ledger technology (DLT) related matters.Read More