Regulators

The Solicitors Regulation Authority (SRA) has launched a 12-week consultation on its proposals to change the Compensation Fund.

Significant proposals for regulatory changes to legal services set out in an independent report could create a complex system, lead to uncertainty and result in small firms closing, the Law Society has warned. 

Law firms have been ordered by the regulator to review their anti-money laundering processes and take immediate action if necessary. 

Kent-based County Solicitors has been forced to shut its doors after an intervention by the Solicitors Regulation Authority (SRA) on Christmas Eve.

Legal Service Board (LSB) chair Helen Phillips has pledged that the oversight body will take a closer interest in monitoring policymaking by legal regulators over the coming year.

A solicitor who had been suffering from an anxiety disorder was struck off for lying to and misleading personal injury clients about the progress of their compensation claims.

The Legal Ombudsman (LeO) has decided not to pursue mediation as a method of dispute resolution after a trial revealed minimal uptake of th