Phone scams hit solicitors, with four firms losing £2m (LF)
Four law firms have recently lost £2m from their client accounts after falling victim to scammers who tricked them into disclosing bank security information over the telephone.
BSB to regulate entities from January (LSG)
The Bar Standards Board will move a step closer to parity with the solicitors regulator next year when it begins regulating entities.
SRA Chair wins lifetime achievement award
The Chair of the SRA Board, Charles Plant, has been honoured by the City of London Law Society at the British Legal Awards.
Public asked to vote for “worst estate agent”
An MP is asking the public to vote for the worst estate and letting agents – and the best – as well as choosing which agent is “most in denial […]
Client or customer? (LF)
Client, consumer or customer – no single label can describe the relationship that now exists between people and their legal services providers.
ABSs and other ‘NewLaw’ businesses form lobbying group (LF)
The first body to represent alternative business structures (ABSs) and other new-style legal practices has been launched.
‘Big four’ accountancy firm to be granted an ABS licence by the SRA
Accountancy giant EY has been given the go-ahead to offer legal services in the UK as it expands its global law offering.
Public backs industry call for stamp duty reform (EAT)
As Chancellor George Osborne prepares his Autumn Statement to be delivered on Wednesday, a new survey shows changes to stamp duty are urgently wanted by the public as well as […]
SRA needs to gain trust of small firms (LSG)
The SRA has produced more recondite material in the last three years than Lord Jackson has probably seen in a lifetime.
Consumer credit switch will cost law firms dear – Society (LSG)
Chancery Lane has written to local law societies warning solicitors about the potentially damaging consequences for hundreds of firms of changes to regulation of consumer credit work.
SRA ready to contact uninsured firms again (LSG)
The S R A will try again next week to contact firms who have not renewed indemnity insurance.
SRA uncovers “genuinely shocking” money laundering by law firms (LF)
Some “genuinely shocking” cases of money laundering by law firms are currently going through the disciplinary system, a senior manager at the SRA has warned the profession.