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• The Law Gazette News
  • Rules on ABS discussions unlikely to be relaxed September 3, 2010
    The Solicitors Regulation Authority is unlikely to relax its rules on allowing firms to enter into deals with other businesses in advance of the licensing of alternative business structures, a paper prepared by the regulator has indicated. The paper, which will be discussed by the SRA board at its next board meeting, suggests that the profession would be ‘co […]
    Nick.Goodman
  • SRA steps up ARP enforcement action September 3, 2010
    The Solicitors Regulation Authority has visited 88 firms in the assigned risks pool (ARP) since July, as part of its tougher enforcement strategy to clamp down on ‘financially unstable’ firms in the pool. The regulator announced a new enforcement regime in July designed to address the problem of unpaid ARP premiums. Firms that do not pay their premiums will […]
    Ryan.Southwell
  • Danish insurer enters PII market September 2, 2010
    A Danish insurance company has entered the solicitors professional indemnity insurance (PII) market to provide cover to small and medium-sized law firms, as the 1 October renewals deadline approaches. Copenhagen-based Alpha Insurance A/S will issue PII policies for firms of between one and 25 partners, in conjunction with Giles Insurance Brokers and St Giles […]
    Ryan.Southwell
  • Lloyds Banking Group axes 2,500 firms from conveyancing panel September 1, 2010
    About 2,500 firms have been axed from Lloyds Banking Group’s conveyancing panel in its recent cull, the Law Society has estimated. Over the last month the group, which includes Lloyds TSB, Halifax, Bank of Scotland and Birmingham Midshires, has reviewed its panel membership to remove firms that have conducted a low volume of transactions over the past 12 mon […]
    Ryan.Southwell
  • New SRA transfer scheme September 1, 2010
    The Solicitors Regulation Authority’s new Qualified Lawyers Transfer Scheme for foreign lawyers seeking admission to the profession was launched this week. It includes an English language requirement. Gloomy ABS forecast Sixty per cent of law firms expect their businesses to suffer when alternative business structures are introduced, research by law firm com […]
    Nick.Goodman

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