SRA Compensation Fund pays out over £23 million
The SRA Compensation Fund paid out over £23.8 million in the year to 31 October 2014, latest figures reported to the SRA Board meeting recently reveal.
SRA hits back after Law Society attack on indemnity reforms (LF)
Paul Philip, chief executive of the Solicitors Regulation Authority, has hit back after the regulator’s indemnity insurance reforms were fiercely criticised by the Law Society.
SRA postpones introduction of third-party alternative to client account (LF)
The 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 […]
Solicitors free to offer ‘central’ consumer credit (LSG)
Solicitors will be able to carry out certain consumer credit activities under the wing of the Solicitors Regulation Authority – a year after the regulator proposed dropping the responsibility altogether.
Warning to agents over homes with restrictive covenants (EAT)
The residential director at Mullucks Wells in West Essex and East Hertfordshire, William Wells, has contacted Estate Agent Today to highlight what he considers “a relatively dramatic change” by some […]
The Real Cost of Conveyancing in 2015 (TC)
Recent studies demonstrating the cost of conveyancing over the last decade may suggest a greater cost in terms of risk for those in the field during 2015.
Legal complaint time limits to be unlimited to meet EU directive (LSG)
Consumers with grievances about a solicitor could have an unlimited time to bring a complaint to the Legal Ombudsman under changes required to meet an EU directive.
Pioneering ABS adds estate agency to boost legal business (LF)
The first independent financial adviser to set up a law firm from scratch has added an estate agency to work alongside its alternative business structure.
Software suppliers unite to launch free rival to Veyo (LF)
A free rival to conveyancing portal Veyo, called Free2Convey, is to be launched by the Legal Software Suppliers Association at the end of this month.
Power of attorney reforms are risky (LSG)
The new Lasting Power of Attorney process, provided by the Office of the Public Guardian in July, removes certain safeguards that could lead to abuse of the system.
Further ‘Wales-only’ law affects landlords (LSG)
The Law Society has alerted solicitors to the implications of a new law affecting private landlords and agents in Wales, part of a growing canon of Wales-only legislation.
Government-funded legal apprenticeships set to start next year (LF)
Legal apprenticeships funded by the government are on course to start next September, the Solicitors Regulation Authority, Chartered Institute of Legal Executives and the Council for Licensed Conveyancers have confirmed.