The Association of Chartered Certified Accountants is removed as an approved regulator under the Legal Services Board

On February 29, 2024, the Lord Chancellor accepted the recommendation from the LSB to approve The Association of Chartered Certified Accountants (ACCA)’s application to cancel its designation as an approved regulator under the Legal Services Act (2007). This decision followed a recommendation made by the LSB in July 2022, which came after ACCA confirmed that…

The Solicitors Regulation Authority seeks views on new resources specifically for in-house lawyers

The Solicitors Regulation Authority (SRA) has developed new resources to support the over 34,500 solicitors working in-house in England and Wales. These materials, created in collaboration with the regulator’s virtual in-house solicitor reference group, address issues identified in the SRA’s 2023 thematic review and feedback from in-house solicitors. When asked for comment, Juliet Oliver, General…

The Legal Services Board of England and Wales is running a Reshaping Legal Services Conference in March 2024

The Legal Services Board of England and Wales is running a Reshaping Legal Services Conference on 7 March 2024, below is an abridged version of the programme: Ethics: Ethics, integrity and the rule of law The human impact of aggressive litigation: In conversation with Lee Castleton Panel: Professional ethics and the rule of law: The…

Solicitors Regulation Authority of England and Wales launches a review of consumer protection

The SRA has initiated a comprehensive review of consumer protection measures in response to the emergence of new risks in the legal sector. The review targets two primary areas: firstly, enhancing risk identification, monitoring, and approval processes for regulated law firms to mitigate consumer harm, particularly around client money; secondly, assessing the adequacy of current…

The Solicitors Regulation Authority of England and Wales is recruiting a Director of Consumer Policy and Engagement

The post of Director of Consumer Policy and Engagement will be responsible for driving confidence and trust in legal services, engaging in key debates about consumer policy and maintaining close engagement with consumers and consumer groups, and deepening the connection between strategic objectives and policy developments. This new position will lead a new team within…

The Bar Standards Board of England and Wales issues consultation on revisions to definition of academic legal training

The Bar Standards Board (BSB) has initiated a three-month public consultation to gather opinions on proposed revisions to the definition of academic legal training and handling consequential waivers and exemptions. The BSB aims to simplify the existing rules governing the academic component of Bar training to better align with objectives of maintaining high standards, flexibility,…

What measured AI looks like in today’s legal practices

UK law firms are increasingly embracing AI, with over a quarter already utilizing some form of AI and nearly half actively exploring its integration. AI’s appeal lies in its potential to enhance efficiency, particularly in contract writing, accessing case law, and reviewing precedents. However, concerns about risks associated with AI integration exist among one-third of…

Solicitors Regulation Authority of England and Wales issues first fines of new fixed penalty regime

The Solicitors Regulation Authority (SRA) has issued £750 fines to seven law firms for non-compliance with its transparency rules. This follows similar penalties issued to three firms in November 2023. The SRA introduced fixed penalties to deal with non-complex breaches more efficiently. Firms are given notices of potential fines and the opportunity to rectify the…

The Legal Services Consumer Panel voices concern about lack of implementation of key recommendations of a 2016 Competition and Markets Authority review of the legal services market

The Legal Services Consumer Panel of England and Wales has expressed concern over the slow implementation of quality indicators in the legal services market, as recommended by the Competition and Markets Authority (CMA) in 2016. Despite some progress on price transparency and service information, the Panel notes that very little has been done to ensure…

Bar Standards Board of England and Wales issues consultation to improve consumer protection

The Bar Standards Board (BSB) is set to expand its powers to protect the public by introducing rule changes following a consultation. The proposed changes involve giving the Disciplinary Tribunal the authority to impose interim restrictions on a barrister’s practising certificate or withdraw practising rights on an interim basis when a finding of misconduct has…

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