The Solicitors Regulation Authority has launched a consultation on its Corporate Strategy 2023-2026. The plan focuses on 4 high level objectives: Delivering high professional standards – This means setting, upholding and promoting high professional standards for those we regulate, in a way that is fair, proportionate and robust. Strengthening our risk based and proactive regulation…
The Mentor Chapter Seventeen – For good.
This open letter discusses the need for lawyers to be officers of the court first and foremost before their role as commercial facilitators. Gilbert emphasises the importance of ethical behaviour, and warns against financial incentives which might impede this. He also implores other lawyers to become roles models. Read the full story here.
Legal Services Board approves new SRA rules to improve workplace culture
The Legal Services Board of England and Wales has approved two changes to the Solicitors Regulation Authority Standards and Regulations. The rule changes aim to improve work place culture in law firms. The new rules make explicit the need for employees to be treated fairly and for managers to challenge any treatment deemed not to…
Legal Services Board of England and Wales publishes report into CILEX CRL dispute
The Legal Services Board of England and Wales has published its report into the disagreement between the Chartered Institute of Legal Executives (CILEX) and its regulator CILEX Regulation (CRL). The investigation was to determine if enforcement action was needed. Ultimately the oversight regulator decided that matter could be resolved informally. The dispute arose from CILEX’s…
The Solicitors Regulation Authority of England and Wales is consulting on rules to restrict excessive fees in financial mis-selling claims
The Solicitors Regulation Authority of England and Wales is running a consultation on the wording of new rules being brought in to restrict excessive fees when claiming compensation for clients in cases of financial mis-selling. The consultation comes in the wakes of an obligation under the Financial Guidance and Claims Act 2018 to prevent excessive…
One year into the Solicitors Qualifying Exam in England and Wales shows good progress is being made
Introduced in September 2021, the Solicitors Qualifying Exam has reformed how solicitors qualify in England and Wales. Reports into the first year shows that good progress has been made in implementation of the assessment. More than 3000 candidates across 42 countries have so far sat the exam, with the SQE Independent Reviewer Report concluding that…
The Solicitors Regulation Authority of England and Wales publishes the Legal Choices Report 2022
The Solicitors Regulation Authority of England and Wales has published the Legal Choices report for 2022. Legal Choices is a website that helps consumers make informed decisions when choosing a legal professional, as well as offering information on a range of legal topics such as legal aid, no win no fee and legal insurance. The…
Bar Standards Board of England and Wales sets out plan to assure competence of barristers
The Bar Standards Board (BSB) of England and Wales has responded to the Legal Services Board statement on ongoing competence. The response comes with an action plan for ensuring the competence of barristers. Currently the BSB employs a number of measures to ensure competence including: The Professional Statement, which describes the knowledge, skills and aptitude that…
HM Treasury releases Anti-money Laundering and Countering the Financing of Terrorism: Supervision Report 2020-2022
HM Treasury has released a report : Anti-money Laundering and Countering the Financing of Terrorism: Supervision 2020-2022. The report, which was published in December 2022, reports on the activity and performance of legal pubic body supervisors in tackling anti-money laundering. The key findings in the report are as follows: inadequate documented policies and procedures inadequate…
The Legal Services Board of England and Wales has published its annual assessment of performance of the legal regulators it oversees
The Legal Services Board of England & Wales has published its annual performance assessment of the eight legal regulators it oversees. Each regulatory body regulates different types of lawyers and service providers, however, all of the bodies have the same obligations under the Legal Services Act 2007. Each regulator was assessed on five categories: Regulatory…