First local authority ABS receives green light (LF)
The Solicitors Regulation Authority has finally licensed the first local authority alternative business structure (ABS), after approving the collaborative law firm set up by two Buckinghamshire local authority legal teams.
PII decision held for up to 90 days (LSG)
The oversight regulator has given itself an extra two months to decide on reducing the minimum required cover for professional indemnity insurance after strong opposition from the Law Society and […]
Lower indemnity limit would “attract discount in premiums”, SRA insists (LF)
The Solicitors Regulation Authority (SRA) has insisted that a lower minimum limit for indemnity insurance would “attract a discount in premiums” for law firms.
CML warns of “fast and potentially drastic action” if indemnity limit is cut (LF)
The Council of Mortgage Lenders (CML) has warned that cutting the minimum indemnity limit for law firms could force lenders into taking “fast and potentially drastic action”.
Professions line up to oppose PII reforms (LSG)
Insurers, mortgage lenders and solicitors have pleaded with the oversight legal regulator not to go ahead with a reduction in minimum indemnity cover.
Chancery Lane names its ‘brightest stars’ (LSG)
Solicitors and firms from across the ‘world’s most respected legal system’ have won through to the final stages of the Law Society Excellence Awards 2014.
EasyProperty – with Harry Hill as chairman – aims to ‘mortally damage’ agents (PIE)
EasyProperty is planning to “disrupt” the property market and “mortally damage” high street agents.
Rated insurers “may be reluctant” to offer lower indemnity limits (LF)
Rated insurers may be reluctant to offer law firms indemnity limits as low as the £500,000 proposed by the Solicitors Regulation Authority (SRA), a leading insurance broker has warned.
Solicitor turns to crowdfunding to back online contracts business (LF)
A young solicitor entrepreneur is seeking crowdfunding for an online documents business that will offer instant contracts via a mobile app and alert customers by e-mail to relevant law changes.
Parabis puts 41 jobs at risk with office closures (LSG)
National firm Parabis Law plans to close two offices, potentially affecting 41 staff.
Conveyancing solicitor was ‘employee’ and not partner, High Court rules (LSG)
A solicitor has won a High Court battle to prove he was an employee and not a partner at a firm subject to legal action.
Worries mount over leasehold management market (PIE)
The Government will not be asked to regulate the leasehold residential market. However, an official study of the residential property management sector has thrown up some serious early concerns – including […]