Chief legal ombudsman quits after accounts probe (LSG)
The chief legal ombudsman has resigned from his £161,000 post following a dispute in relation to the unpublished annual accounts of the complaints service.
Big annual house price rise masks recent falls (EAT)
The Office for National Statistics says UK house prices have soared by 12.1 per cent in the past year – but this masks yet another sign of the rapidly cooling […]
Quindell founder Rob Terry resigns from the board (LSG)
The chairman and founder of listed legal services provider Quindell resigned this morning in a bid to stem the freefalling share price of the company.
SRA keen to relax accounts submission rules (LSG)
The Solicitors Regulation Authority wants accountants to use more professional judgement in testing law firms’ finances before submitting accounts reports.
‘Self-lawyering’ is the future, consumer watchdog forecasts (LSG)
Acess to justice will be enhanced if consumers of legal services are empowered to handle more of their legal affairs by themselves, the watchdog panel funded by the legal profession […]
SRA consultation on regulation of solicitor insolvency practitioners
The SRA have launched a consultation on a proposal to stop regulating solicitors who act as insolvency practitioners under the Insolvency Act 1986.
SRA launches further consultation on accountants’ reports
The SRA launched a second consultation on accountants’ reports on Tuesday 18 November.
Home ownership to fall as renting increases – prediction (PIE)
Soaring rents will force nearly 6 million private tenants into poverty by the year 2040, while home ownership and social renting will continue to decline.
Business group wants Scots-style stamp duty reform (EAT)
Accountancy group Menzies LLP is lobbying the government to announce the Introduction of a progressive Scottish-style stamp duty in the autumn statement on December 3.
Lawyers will be seen in future as “small part of diverse legal ecosystem” (LF)
Regulated lawyers should be viewed in the future as “a small part of an increasingly diverse ecosystem”, the Legal Services Consumer Panel has said.
Quindell shares at five-month low as adviser quits (LSG)
Listed legal services provider Quindell today suffered another blow with the resignation of its financial adviser.
Mackesys closes as buyers found for open files (LSG)
Two firms have concluded the acquisition of the remaining cases of legal aid firm Mackesys after weeks of negotiations.