- BSB hits back at SRA over independence concern
The Bar Standards Board (BSB) has rubbished a suggestion from the Solicitors Regulation Authority (SRA) that it changed a rule to support the Bar Council in its clash with the government over legal aid.
SRA executive director Samantha...
- Top debt advice company buys high street law firm
News Article - 04/12/2013 : ABS, alternative business structures, debt advice, legal futures, MoneyPlus Group, Richardson Mail, solicitors regulation authority, SRA, Risk & Compliance, Practice Management
One of the country’s largest debt advice companies has bought a high street law firm to offer additional services to customers and become “a major player in the legal services market”.
MoneyPlus Group, which is backed by...
- SRA decides against testing thousands of firms for financial stability
The Solicitors Regulation Authority (SRA) has decided against testing the financial stability of thousands more law firms despite concerns about how widespread problems are in the profession, it announced yesterday.
As first reported on...
- 10 things you should have done as COFA: Part two
In this two part series Richard Hill highlights five key areas of the COFA role. Below is the final instalment. Read the first five...
- ‘Very big, catastrophic failures’ over next 12 months, APIL president predicts
Stockwell concerned at SRA's lack of resources to monitor conflicts of interest.
There will be some "very big, catastrophic failures" of law firms over the next 12 months, Matthew Stockwell, president of APIL...
- 10 things you should have done as COFA: Part one
In this two part series Richard Hill highlights five key areas of the COFA role. Read part two here.
The introduction of the Compliance Officer for Finance and Administration (COFA...
- MDPs “struggling” to make it through ABS licensing process
The process of approving alternative business structures (ABSs) seems to be weighted against multi-disciplinary practices (MDPs) and business services firms, it has been claimed.
In its latest review of the Solicitors Regulation Authority...
- SRA reaches 200 ABSs but one enters liquidation as another has license revoked
The number of alternative business structures (ABSs) licensed by the Solicitors Regulation Authority (SRA) hit 200 yesterday, but the first ABS liquidation and first licence revocation have tempered any celebrations.
Well-known media firm...
- Plant hits out at City law firms over trainee recruitment
The ex-City lawyer chairman of the Solicitors Regulation Authority (SRA) has questioned the recruitment methods of City law firms in making university students decide to become commercial lawyers so early on in their legal careers.
- SRA says ‘one size fits all’ approach to legal training must end
The Solicitors Regulation Authority (SRA) has set out a series of proposals to overhaul the UK's legal education and training system, in response to a major review of the sector, which concluded in June.
In a policy statement published...
- Top insurer Markel enters legal market as Quindell unveils £150m Direct Line deal
News Article - 10/10/2013 : abbey, ABS, alternative business structures, insurer, legal futures, lewis hymanson small, lhs, markel, SME firms, solicitors regulation authority, SRA, Finance, Practice Management
Leading insurer Markel is to enter the legal market after today announcing a deal to buy the owner of alternative business structure Lewis Hymanson Small (LHS).
The Solicitors Regulation Authority has given approval for the change of...
- Up to 175 firms at risk of closure after failing to secure indemnity cover
A total of 185 firms have applied to the Solicitors Regulation Authority (SRA) for the extended indemnity period (EIP) of insurance having failed to secure professional indemnity insurance (PII) cover by the regulator’s 1 October deadline...
- Exclusive: the alternative to solicitors that’s become an alternative business structure
News Article - 03/10/2013 : ABS, alternative business structures, evictions, landlord, landlord action, legal futures, paul shamplina, solicitors regulation authority, SRA, Finance, Practice Management
An eviction business that was originally set up as an alternative to solicitors has now become an alternative business structure (ABS) regulated by the Solicitors Regulation Authority to help it stand out against unregulated competition.
- Capita steps into legal market through planned Optima acquisition
Capita is to enter into the legal market through the acquisition of volume outfit Optima Legal Services, three years after the SRA ordered the firm to sever its relationship with the outsourcing giant.
The SRA is yet to approve the planned...
- Up to 100 other 'Challinors' at risk of collapse
Naivety and over-dominant senior partners most frequent causes of financial failure
Five per cent of firms contacted as part of the Solicitors regulation Authority's financial stability programme have shown indicators serious enough to...