Entries by ACLAdmin

BSB takes on ABS licensing

England’s legal profession took another leap towards fusion yesterday when the body that regulates barristers began licensing legal services businesses that include solicitor and non-lawyer partners. The move will put the Bar Standards Board, the barristers’ watchdog in England and Wales, on par with the body that regulates solicitors. The Solicitors Regulation Authority has for […]

BSB expect to be able to licence ABSs in April 2017

The Bar Standards Board expects to begin licensing alternative business structures imminently, saying long-awaited approval could be granted in the next few weeks. In its business plan for 2017/2018 – due to be published this week – the regulator will state: ‘We expect to be able to licence ABSs that are jointly owned and managed […]

LSB to have new chair

Exclusive: LSB to have new chair after Pitt decides against applying for reappointment By Neil Rose 15 March 2017 Pitt: 70 days’ work for the LSB a year The Legal Services Board (LSB) is to have a new chair in the coming months, after incumbent Sir Michael Pitt took himself out of the running for […]

The Compliance Office

Audit Compliance Ltd are now resellers of The Compliance Office which is an online database customised to allow for user friendly recording, reporting and automated email chasing in the context of risk, CPD’s and compliance logs maintained by Solicitors’ firms; The Compliance Office allows users to keep a record and monitor specific events in the context of regulatory […]

Dreamvar (UK) Ltd v Mishcon de Reya

I think that it is fair to say that many conveyancers have been shocked by the decision in Dreamvar (UK) Ltd v Mishcon de Reya (see Today’s Conveyancer January 30th 2017). But it is consistent with previous court decisions and follows basic principles. The buyer’s solicitors were held liable to a buyer client for breach of trust […]

Finland and Sweden report on fourth anti-money laundering directive (2015/849) impact

The implementation of the fourth anti-money laundering directive (2015/849) is one of the common themes this year, and how it impacts each bar. Both Finland and Sweden report, for instance, that the proposed sanctions regime of their governments under the national implementing provisions will take away the sanctioning of lawyers in some respects from the […]

Respecting Legal Professional Privilege

The Law Society has urged the government to ensure that the application of powers to snoop on communications respects legal professional privilege. Commenting on a consultation on codes of practice under the Investigatory Powers Act 2016, Society president Robert Bourns said: ‘Legal professional privilege is the cornerstone of the trusting relationship between a solicitor and […]

New discount rate for personal injury claims announced

New discount rate for personal injury claims announced From: Ministry of Justice 27 February 2017 The Lord Chancellor has today announced changes to personal injury compensation payments. When victims of life-changing injuries accept lump sum compensation payments, the actual amount they receive is adjusted according to the interest they can expect to earn by investing it. In finalising […]