Australian-listed Slater & Gordon (S&G), which makes 80% of its UK revenue from personal injury claims, lost half its stock market value yesterday (25 November) after the UK government announced plans to limit the number of personal injury claims.
Freedom to operate: Bar Standards Board wants to relax barrister rules for corporate vehicles and agencies
The Bar Standards Board (BSB) is proposing to make it easier for barristers to work through agencies and corporate vehicles, and has launched a consultation on its reforms.
Legal Services Board green lights removal of annual solicitor endorsements for sole practitioners
The Legal Services Board (LSB) has agreed to the removal of annual solicitor endorsements for sole practitioners, in a move which the Solicitors Regulation Authority said will simplify arrangements.
Switching sides: HSF’s London litigation head Parkes lands FCA job
Herbert Smith Freehills‘ (HSF) London litigation head Tim Parkes will leave the firm at the end of the year to take over as chairman of the UK Financial Conduct Authority’s regulatory decisions committee.
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City lawyers join Law Society in slamming SRA insurance proposals
The City of London Law Society (CLLS) has joined the Law Society in condemning proposals from the Solicitors Regulators Authority to lower minimum indemnity insurance cover for solicitors.
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Legal watchdog overhauls handbook to green light apprenticeships as it ushers in ‘inconceivable’ changes
The Solicitors Regulation Authority (SRA) has inched closer to controversial apprenticeship qualifications while green lighting a raft of changes to the SRA handbook.
SRA promises new in-house rules by April 2016 as LSB gathers thoughts on reform
The Solicitors Regulation Authority (SRA) has laid out its timetable to overhaul rules for in-house lawyers in a response to the Legal Services Board’s (LSB) consultation on whether current rules are too restrictive.
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Former News International adviser Abramson found in breach of solicitor practice rules as Chapman cleared
Having been plagued by allegations of cover-ups in the high profile phone hacking scandal, former News International adviser Lawrence Abramson has been found in breach of the Solicitors Practice rules by the Solicitors Disciplinary Tribunal (SDT) on one out of three accounts, while all allegations against the newspaper group’s former legal director Jonathan Chapman have been dismissed.
Legal Services Act to be reviewed as Gove says regulators are in danger of ‘falling over each other’s feet’
In an appearance in front of the Justice Select Committee this morning [15 July], Lord Chancellor Michael Gove (pictured) has confirmed plans to review the Legal Services Act 2007 as he pitched what he would like to achieve as Justice Secretary.
City lawyers issue warning on ‘inconceivable’ SRA apprenticeship proposals
The City of London Law Society (CLLS) has issued a stark warning over what it deems ‘inconceivable’ changes in the Solicitors Regulation Authority’s (SRA) proposal to allow lawyers to qualify through apprenticeships and has raised concerns that standards could fall if changes are carried out.
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