Legal news
Changes to SRA rules will help solicitors to ‘switch’ between regulators - 9 August 2017
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. The SRA has announced plans to overhaul existing rules in a bid to
Expansion of fixed costs regime for legal claims to be “significantly” scaled back - 9 August 2017
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. Instead, Lord Justice Jackson has confirmed that fixed recoverable costs should apply to claims valued
Solicitors must provide greater cost transparency to ‘vulnerable’ consumers, report suggests - 9 August 2017
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. The study, which surveyed 60 mentally ill
Law Society to reduce cost of solicitors’ practising certificate fees - 18 July 2017
The Law Society has announced that it will reduce the overall cost of its solicitors practising certificate fees to £278, according to reports. The move represents a reduction of £12 – and the Society has said that it is expecting
Land Registry targets solicitors and conveyancers with ‘property fraud’ warnings - 18 July 2017
HM Land Registry has been issuing important email reminders to solicitors and conveyancers stressing the importance of being on the lookout for so-called ‘property fraud’ – which can result in significant financial losses. The email reminders follow a series of
Legal sector enjoys growth for third year running - 18 July 2017
The latest UK Legal Benchmarking report has revealed that Britain’s legal sector welcomed growth for the third consecutive year in 2016. The report, which was put together by high street bank NatWest, revealed that law firms with five or more
Study sheds light on what businesses look for when outsourcing work to solicitors - 20 June 2017
95 per cent of UK businesses believe that a law firm’s level of ‘transparency’ is most important when outsourcing work to external solicitors, a new study reveals. According to research carried out by Thompson Reuters, the majority of business clients
Conveyancers welcome revenue boost - 20 June 2017
Conveyancers have enjoyed a significant boost in revenue in recent years, thanks to a highly competitive mortgage market, an increase in the number of first-time buyers getting on the property ladder and the willingness of buyers to pay more in
CAT: Law Society ‘abused its dominant position’ in conveyancing training market - 20 June 2017
A Competition Appeal Tribunal (CAT) has ruled that The Law Society “abused its dominant position” in forcing thousands of law firms to train through its widely-recognised Conveyancing Quality Scheme (CQS). The news comes after claimants raised concerns that the Law
Parliamentary report calls on Government to reduce Tribunal fees - 2 May 2017
A new Parliamentary report entitled Human Rights and Business 2017 is calling on the Government to reduce Tribunal fees. The report, published by the joint committee on human rights, claims that such fees are “a barrier to victims seeking justice”
