The Law Society’s Chief Executive Catherine Dixon has issued a robust response to the SRA. ‘Paradoxically, the most qualified and trained are the most regulated; the least qualified and trained are not regulated. This is a mistake. There is an opportunity to redefine what regulation should cover to ensure that it is simple and better, […]
The Times published this article Public backs total independence for solicitors’ regulator Public backing for a regulator of solicitors that is completely independent from the professional body is overwhelming, survey figures released today claim. According to a ComRes poll, 82 per cent of adults in England and Wales back a model in which the watchdog over […]
The Bar Standards Board propose to lobby for full independence from the Bar Council. BSB’s website draft Strategic Plan 2016-2019 “Our financial relationship with the representative body of the Bar should be made clearer and ultimately there should be separation so that both we the regulator and the Bar Council … can carry out our respective roles more […]
A consumer credit toolkit adopting a new approach for law firm regulation so that the majority of practices should not have to be regulated by both SRA and the Financial Conduct Authority (FCA). The new approach, which comes into effect on 1 April 2016, allows SRA to carry out consumer credit regulation for firms if their work is […]
Clause 10 change to allow a 7 day period following offer of mortgage for cooling off effective from 1st February 2016. “The amendment is designed to reflect the introduction of a requirement, as the result of the Mortgage Credit Directive, for mortgage customers to have a ‘reflection period’, of at least seven days before accepting a […]
Legal Futures article Law Society and Veyo sets out a list of 15 questions that Rob Hailstone of the Bold Legal Group wishes to be answered. In fairness to Rob, he has been asking some of these questions from the very beginning of the Veyo project. A sad end to a sorry tale.
Office for Legal Complaints (OLC) decides not to proceed to become an ADR entity See Press Release
Law Society Approved Certificate The amended certificate of title from The Law Society is the approved certificate of title agreed between the Law Society and the Council of Mortgage Lenders. From the 30 November 2015, the short-form certificate of title incorporates reference to the revised approved certificate of title.
With the embarrassing withdrawal by LeO of their application to the Legal Services Board (LSB) to become certified as an ADR approved body for the purposes of the ADR Directive EU Directive The Law Society has issued revised guidance regarding the new requirements which will apply from 1 October 2015 in relation to the information solicitors are […]
New member focussed strategy Chief Executive, Catherine Dixon outlines the new member focussed strategy for The Law Society. There are 3 main Aims Representing solicitors Promoting solicitors Supporting solicitors