News
Mandatory cyber insuranceJanuary 19, 2022CLC consults on possible changes to its professional indemnity insurance (PII) cover for conveyancers and probate lawyers which could include a proposal that stand-alone cyber insurance should be made to be mandatoryRead More
Government Cryptoasset PlansJanuary 19, 2022Government publishes details of its plans to strengthen the rules on crypto asset advertisements and to protect consumers from misleading claims making them subject to FCA rules in line with other financial promotions such as stocks, shares, and insurance products.Read More
New Blockchain GuidanceJanuary 12, 2022The Law Society has published a second edition of its blockchain report. Produced in association with Tech London Advocates (TLA) Legal and Regulatory Group, the report covers a range of key issues of which legal practitioners need to be aware when advising on distributed ledger technology (DLT) related matters.Read More
Move Towards Scottish ABSsDecember 24, 2021Scottish Government announces that the Law Society of Scotland has been authorised as a regulator of Licensed Legal Services Providers in Scotland.Read More
SRA Standards and Regulations ReviewDecember 16, 2021SRA publish review of the Standards and Regulations revealing that a majority are apparently positive about the "new" codes of conduct and rules, with increasing numbers taking advantage of opportunities to work in new ways and deliver their services more flexibly.Read More
SRA Consults on Options for Post Six-Year Run-Off CoverDecember 2, 2021SRA invites views on options for the future of post six-year run-off insurance cover and the Solicitors Indemnity Fund.
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SRA Publishes New and Revised GuidanceNovember 12, 2021SRA publishes a number of new and revised Guidance documents and warning notices for solicitors covering topics including AML, equality and diversity and authorisation issues.Read More
New Cyber Losses Clause for Minimum Terms and ConditionsNovember 1, 2021SRA announces the inclusion of a new clause covering cyber losses for the minimum terms and conditions which is planned to come into effect from early 2022.Read More
Law Society statement on SIFOctober 19, 2021The Law Society Council issues a statement on the closure of the Solicitors Indemnity Fund (SIF), expressing its ongoing commitment to working with the Solicitors Regulation Authority to facilitate an extension and outlining its belief that retaining the SIF would be in the best interests of the profession and wider society.Read More
SRA publishes new AML reportOctober 15, 2021To comply with requirements placed on all supervisors by the Money Laundering Regulations, the SRA has published details of the work that it has carried out to make sure solicitors keep criminals from using the profession to launder money.Read More