Help firms switch regulator by scrapping run-off rules, CILEx Regulation tells LSB (LF)
Law firms that switch regulator should not be forced to buy six years of run-off insurance cover, CILEx Regulation has argued in a report for the Legal Services Board.
Money laundering awareness campaign kicks off (LSG)
A joint campaign by the Home Office and organisations including the Law Society which aims to raise professionals’ awareness of the warning signs of money laundering went live yesterday.
Treasury’s regulation shakeup heralds new era for ‘Tesco law’ (LSG)
Ministers want to make it easier for businesses such as supermarkets and estate agents to offer legal services such as conveyancing, probate and litigation.
SRA helps small firms stay ahead of the game
As part of our regular review of risks for the legal sector, we have today (30 November) issued advice to help small law firms stay one step ahead of the […]
Former conveyancer is jailed after stealing almost £1m (PIE)
A woman who was head of conveyancing at a legal firm has been jailed for swindling clients out of almost £1m.
Law Society slams personal injury claims limit rise
The Law Society has criticised a government plan to raise the small claims limit for personal injury claims to £5,000 and stop compensation payments for road traffic ‘minor’ soft tissue […]
Thousands sign petition opposing George Osborne’s PI plans (LSG)
Thousands of people have signed a petition opposing chancellor George Osborne’s plan to raise the small claims track for personal injury claims.
SRA looks to the future, setting out a new regulatory model
The SRA have outlined their vision for the future, pushing ahead with a fundamental shift away from prescriptive rules in favour of protecting the public by setting out the principles […]
Agents ponder ‘legal avoidance’ of 3% stamp duty surcharge (EAT)
Estate agents and accountants are investigating whether there are legal ways of circumnavigating the three per cent stamp duty surcharge that will be imposed on buy to let and second […]
Spending review: second try at Land Registry privatisation (LSG)
The government has confirmed that it is looking to revive plans to privatise parts of HM Land Registry.
SRA promises new era of simplified regulation (LS)
The Solicitors Regulation Authority is to make what it calls a ‘fundamental shift’ from issuing prescriptive rules in favour of setting principles for solicitors to follow.
‘Catastrophe’ Budget: Agents and landlords get to grips with 3% more on BTL Stamp Duty (PIE)
The industry is trying to assimilate the changes announced in yesterday’s Budget Statement whereby buy-to-let investors and those purchasing second homes are to be hit with a 3% increase in […]