News
Move Towards Scottish ABSsDecember 24, 2021Scottish Government announces that the Law Society of Scotland has been authorised as a regulator of Licensed Legal Services Providers in Scotland.Read More
SRA Standards and Regulations ReviewDecember 16, 2021SRA publish review of the Standards and Regulations revealing that a majority are apparently positive about the "new" codes of conduct and rules, with increasing numbers taking advantage of opportunities to work in new ways and deliver their services more flexibly.Read More
SRA Consults on Options for Post Six-Year Run-Off CoverDecember 2, 2021SRA invites views on options for the future of post six-year run-off insurance cover and the Solicitors Indemnity Fund.
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SRA Publishes New and Revised GuidanceNovember 12, 2021SRA publishes a number of new and revised Guidance documents and warning notices for solicitors covering topics including AML, equality and diversity and authorisation issues.Read More
New Cyber Losses Clause for Minimum Terms and ConditionsNovember 1, 2021SRA announces the inclusion of a new clause covering cyber losses for the minimum terms and conditions which is planned to come into effect from early 2022.Read More
Law Society statement on SIFOctober 19, 2021The Law Society Council issues a statement on the closure of the Solicitors Indemnity Fund (SIF), expressing its ongoing commitment to working with the Solicitors Regulation Authority to facilitate an extension and outlining its belief that retaining the SIF would be in the best interests of the profession and wider society.Read More
SRA publishes new AML reportOctober 15, 2021To comply with requirements placed on all supervisors by the Money Laundering Regulations, the SRA has published details of the work that it has carried out to make sure solicitors keep criminals from using the profession to launder money.Read More
Legal Regulatory Reform in ScotlandOctober 3, 2021The Law Society of Scotland and the Scottish Government announces new consultation underway looking at the regulation of legal services in Scotland.Read More
Further calls for empowerment of consumersSeptember 19, 2021LSB launches yet another consumer focused consultation - this time on a draft statutory statement of policy on empowering consumers which outlines how regulators should ensure that people and small businesses who need legal advice have the information they need to shop around and exercise choice.Read More
SRA urges solicitors to respond to frozen asset listSeptember 16, 2021SRA reminds solicitors that they have just over month to check the latest HM Treasury Consolidated List of asset freeze targets to make sure they are not holding monies belonging to a client that is subject to financial sanctions.Read More