The International Bar Association has published new principles on professional indemnity insurance for bar associations and regulatory bodies to consider in their jurisdictions. The guidelines come from a working group made up of the IBA Issues Commission Policy Committee and IBA Legal Policy & Research Unit. The working group found there to be little uniformity…
The Legal Services Board of England and Wales has launched a consultation on its draft business plan and budget for 2022/23
The Legal Services Board of England and Wales business plan is an attempt to push forward its goals of reforming the legal sector to better serve the consumer and deliver fairer outcomes, stronger confidence and better services. The proposed new strategy includes financial protection arrangements, consumer redress and the rule of law and regulation. Key…
SRA launches consultation on compensation fund changes
The Solicitors Regulation Authority has launched a consultation on “reforms to the compensation fund arrangements”. The consultation builds on the conclusions of the past consultation on compensation, covered here in 2018. Changes have been made based on the feedback given, including introducing a maximum cap on related claims and dropping proposals for the introduction of…
SRA consultation on protecting the users of legal services
The SRA has launched a consultation on “Protecting the users of legal services: balancing cost and access to legal services”. While most people are happy with the service they receive from solicitors and regulated law firms, things can and do go wrong. It is crucial that the public can trust that when things go wrong…