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Watson Buckle
Welcome to our August Legal Bulletin

Welcome to the Watson Buckle Legal Bulletin, bringing you up-to-date news and information on the financial matters facing law firms.

This edition looks at: A study from the Legal Services Board (LSB) which suggests that solicitors need to provide greater cost transparency to their more vulnerable clients, such as those living with dementia; news from the Law Society that previous proposals to apply fixed costs for all legal claims up to the value of £250,000 will be “significantly” scaled back; and, finally, important changes to indemnity insurance rules announced by the Solicitors Regulation Authority (SRA) which should make it easier for law firms to ‘switch’ between regulators.

We hope you enjoy reading our Legal Bulletin and find it useful. We welcome your feedback and ideas for topics so please get in touch with Chris Padgett at chrisp@watsonbuckle.co.uk or call 01274 516705.

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Solicitors must provide greater cost transparency to ‘vulnerable’ consumers, report suggests

New research carried out by the Legal Services Board (LSB) suggests that the majority of ‘vulnerable’ legal services consumers who have mental health conditions such as dementia would benefit from greater cost transparency.

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Expansion of fixed costs regime for legal claims to be “significantly” scaled back

Plans to apply fixed costs for all legal claims up to the value of £250,000 have been “significantly” scaled back, the Law Society has reported.

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Changes to SRA rules will help solicitors to ‘switch’ between regulators

Proposed changes to Professional Indemnity Insurance (PII) rules will make it easier for law firms to ‘switch’ between approved regulators, the Solicitors Regulation Authority (SRA) has said.

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