Law firms handling financial product misselling compensation claims have been warned about potential issues in their approaches and the necessity to uphold professional obligations. Concerns have been raised about firms obtaining proper instructions from clients and supervising staff appropriately in high-volume or bulk claim processes. This warning follows discussions with the Financial Conduct Authority (FCA)…
Law Society of British Columbia announces legal action to challenge Legal Professions Act
The Law Society of British Columbia has announced its intention to challenge the constitutionality of Bill 21, known as the Legal Professions Act, which was granted Royal Assent on May 16, 2024. This Act consolidates the regulation of lawyers, notaries, and paralegals under a single regulatory body, a move that the Law Society argues undermines…
Benchmarking costs of law practice in New Zealand
The Law Society’s Costs of Practice Report for March 2024 provides a detailed analysis of the expenses associated with law practice in New Zealand. It highlights the increasing overhead costs across different types and sizes of law practices, with a specific focus on staff-related costs as the primary expense driver, escalating significantly each year. The…
Management of lawyer and legal practice: from law to practice
Tuan, D. M., & Uoc, N. H. (2023). Management of lawyer and legal practice: from law to practice Lex Humana (ISSN 2175-0947), 15(2), 609-624. In Vietnam, in recent years, the results achieved in the fields of economic development, judicial reform, and international integration have had a positive impact on the development of the legal profession, creating…
LSRA open consultation on legal partnerships draft resolution
The Legal Services Regulatory Authority (LSRA) has initiated a month-long consultation on the draft regulatory framework for new legal partnerships. This framework enables partnerships between solicitors and barristers, allowing them to offer legal services jointly, a development made possible by amendments to the Legal Services Regulation Act 2015 in July 2023. These partnerships may operate…
Law Society of New South Wales, Australia, develops form allowing sole practitioners to nominate a personal representative
The Law Society of New South Wales has developed a form to help sole practitioners safeguard their practice. Law Society President, Cassandra Banks, has urged the approximately 6,600 sole solicitor or single principal practices in New South Wales to plan for the future by nominating a personal representative and an alternate through a new online…
Illinois Supreme Court to hold public hearing on proposed rule amendments
The Illinois Supreme Court Rules Committee is set to conduct a public hearing on November 15, where feedback on five proposals will be sought. The hearing will encompass proposed amendments to Rule 8.4, addressing attorney misconduct, and Rule 794, outlining the 6-hour professional responsibility MCLE requirement. For those interested in providing comments on the proposals,…
The regulation of lawyers in compliance
The field of compliance has exploded in interest, attention, and growth over recent years. It has emerged as a popular career path for those trained in the law, giving rise to an influx of job opportunities for new law school graduates and seasoned attorneys alike. Additionally, compliance has tightened the essential interplay between business and…
Evidence-based lawyer regulation
The legal profession is losing its authority over the regulation of legal services. Recent changes in antitrust law have put state bar associations under a spotlight. Competition from technology companies and concerns about access to justice have increased political pressure for market liberalization. Independent research is challenging the unique value of lawyers’ services, even in…
The Nova Scotia Barristers’ Society has amended its Model Code of Conduct
The Nova Scotia Barristers’ Society has amended its Model Code of Conduct relating to discrimination, harassment and ex parte communication. These amendments are in line with amendments made by the Federation of Law Societies of Canada to its Model Code of Conduct. This is part of a wider move to harmonise, as much as possible,…