covid banner

Briefing quick find:

COLPs and COFAs : a nervous wait

With the COLP and COFA approval process operating under the usual veil of SRA mystery, firms may start to get a little edgy as Susanna Heley explains With Christmas just around the corner, many firms will be fervently praying that Father…

On the money

Last year, the government consulted on changes to the anti-money laundering regime, citing an unnecessary burden on business and a desire to reduce red tape. Press reports at the time suggested that more than 200 criminal offences could be abolished…

To report a fault, please hold

There is no definition of ‘serious misconduct’ in the solicitors handbook; nor any indication of when the SRA may consider a failure to comply with or achieve a principle, outcome or rule to be ‘serious’. Since solicitors and firms are…

False promises

 Referral fees are an emotive issue for solicitors. The issue of what, exactly, constitutes a ‘referral’ and, indeed, a ‘referral fee’ has troubled regulators and the courts for more than ten years. Many attempts have been made to address the…

The end of the beginning

6 October 2010 brought us the Legal Ombudsman (LeO); 6 October 2011 brought us outcomes-focused regulation (OFR) and alternative business structures (ABS) – not yet regulated by the SRA but still a reality. While it is undeniable that times –…