Concerns raised by the Competition and Markets Authority (CMA) regarding price transparency in the legal services market have been well-received by the Legal Services Board (LSB), which says that it will take action to ensure that there is better information available to consumers of such services. The news follows previous research published by the CMA… Read more…
The latest annual report of the Solicitors Disciplinary Tribunal (SDT) suggests that the costs incurred by the Solicitors Regulation Authority (SRA) associated with prosecuting lawyers on account of rule breaches has risen significantly in the past year. According to the study, costs of more than £3m were awarded to the SRA last calendar year, up… Read more…
The Government has confirmed that it will press ahead with a new probate fee system due to take effect in May 2017, which could see fees for some estates increase by almost £20,000. Currently, executors processing estates are charged ‘flat rate’ probate fees at a rate of £215 for all estates worth £5,000 or more.… Read more…
Reports suggest that the Government will introduce a cap on recoverable legal fees for law firms involved in NHS negligence claims. According to a new consultation paper, the fee a law firm can recover in an NHS negligence claim will be ‘capped’ at between £1,000 and £25,000. The idea, which comes after it was found… Read more…
An increasing number of cybercriminals are targeting the conveyancing sector, according to the Solicitors Regulation Authority (SRA). The SRA has said that 75 per cent of all ‘cybercrime’ reports received from solicitors and legal firms in the 12 months to December 2016 involved some form of ‘conveyancing fraud’. ‘Conveyancing fraud’, sometimes known as ‘Friday afternoon… Read more…
A fine of £30,000 has been handed out to a will-writing firm by the Information Commissioner’s Office (ICO), following almost 100 ‘nuisance call’ complaints from people registered with the Telephone Preference Service (TPS). An ICO investigation revealed that the firm in question had made the unsolicited calls using third-party data. The data was acquired from… Read more…
An anonymous solicitor has been ordered to pay £4,000 in fines and costs after an investigation by the Solicitors Regulation Authority (SRA) found that she and her former firm had knowingly enabled clients to avoid Stamp Duty Land Tax (SDLT). The investigation revealed that, between September 2009 and February 2012, the unnamed defendant and the… Read more…
A proposed new exam, entitled the Solicitors Qualifying Exam (SQE), will reduce the average cost of a legal qualification by around £12,000, the Solicitors Regulation Authority (SRA) has said. The SQE will be split into two stages – the first consisting of “computer-based, objective-testing” questions, and the second including an assessment of the skills of… Read more…
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