Bank of England housing market ‘rhetoric’ scaring off buyers
Bank of England “rhetoric” and the Mortgage Market Review are both dragging activity downwards, the RICS said this morning.
Minster Law looks to build on insurer ownership with launch of travel claims service (LF)
Minster Law, the alternative business structure owned by financial services business BGL Group, has moved into travel claims after securing another major hire from Pannone, now part of Slater & […]
Council approves 17% cut in PC fee (LSG)
The Law Society’s governing council today approved a 17% reduction in the individual practising certificate fee for 2014-15.
Fewer law firms to recommend, less PII cover and more separate representation (EAT)
High street law firms have been under pressure for many years. A mixture of low fees, poor market conditions and an overabundance of bureaucracy and red tape have made life […]
Does Your Firm Follow SRA Advice on Risk?
Solicitors have been given another wakeup call with regards to criminal clones this month by their regulator. In its annual Risk Outlook, delivered last week, “Bogus Law Firms” were elevated […]
PII – Minimum Terms and Conditions: What Do the Proposed Changes Mean in Reality?
Last Tuesday the SRA announced that it had considered the results of the consultation on changes to the Minimum Terms and Conditions (MTC) under which solicitor’s PII is written. What […]
SRA warns in-house solicitors of disciplinary action over debt collection letters (LF)
The Solicitors Regulation Authority has warned in-house solicitors that “attempts to mislead” debtors that external firms are taking steps against them could result in disciplinary action.
Minister: I didn’t know about student loan letters (LSG)
Universities minister David Willetts has admitted he did not know the Student Loans Company was sending misleading debt-recovery letters to graduates – even though his department was informed back in […]
Government pushes on with online powers of attorney (LSG)
The government is pressing ahead with promoting online lasting powers of attorney (LPA) despite the Law Society’s warning that digitising the service is likely to increase the risk of fraud […]
SRA reiterates Code for publicity to in-house teams
The Solicitors Regulation Authority (SRA) has moved quickly to remind in-house solicitor teams of their responsibilities when it comes to publicity.
European law firms to be exempt from SRA oversight despite competition concerns (LF)
The SRA has decided to press ahead with plans that would allow European law firms that do not conduct reserved work to set up in England and Wales outside of […]
Society urges pause in Land Registry plans (LSG)
Proposed legislation to extend the powers of Land Registry should be put on hold until the future status of the registry is decided, the Law Society has said.