jordanfurlong + clementi + governance   44

Why law firms can’t compete | Canadian Lawyer Mag
While fixing law firm capital structures is entirely within a firm’s control, extending ownership to non-legal talent is not. The list of potential key players is long: business and HR executives, technology professionals, project managers, accountants, business process specialists, design-thinkers and administrative professionals, to name a few. Our competitors are winning the battle for this talent because they can attract, retain and align key talent (irrespective of specialty or background) around a common goal through ownership in the enterprise. Unfortunately, law firms do not currently have this option. Even if we can set aside our egos and admit that non-lawyers play a meaningful role in firm success, we are prevented by regulation from opening our capital structures to attract and retain this talent. Without this important tool, we are giving our competition a head-start in the race towards improved access to legal services and better client service — the foundations of our professional mandate.
clementi  governance 
february 2019 by JordanFurlong
Tensions in Legal Services Act coming to fore, says review - Legal Futures
“The world that existed in 2004 simply does not exist in the same way now, and the inherent tensions in the 2007 Act are becoming increasingly apparent.”

The paper went through these in detail, from the “inflexibility” of the Act – concerns over the move away from self-regulation that it entailed meant “much prescriptive and protected detail was ‘hard-wired’” into it – to the “competing and possibly inappropriate regulatory objectives” that are at the Act’s core.

“For example, the objective to protect and promote the public interest does not always sit easily with another to protect and promote the interests of consumers, or with yet another to promote competition in the provision of legal services.”

Reflecting work Professor Mayson carried out in 2010, he said the “pivotal” and limited set of reserved activities were “anachronistic and do not necessarily include all activities that ought to be regulated”.

Further, title-based authorisation of lawyers resulted in additional burden and cost in relation to some activities being regulated that do not need to be – even though Parliament has decided that only the reserved activities have to be regulated, as soon as someone is authorised as a solicitor or barrister, “their regulator will then assume jurisdiction over all of the activities carried out by that person, both reserved and non-reserved”.

It has also led to multiple regulators overseeing the same activity in different ways, as well as a regulatory gap that exposes consumers to potential harm from unregulated providers “and puts qualified practitioners at a competitive disadvantage”.

Other problems were “an incomplete separation of regulation and representation” at the Law Society, Bar Council and others, and “the potentially misconceived ‘mission’ basis of regulation and regulators”.
regulation  governance  clementi 
october 2018 by JordanFurlong
LawNext Episode 9: Bill Henderson on Changing the Non-Lawyer Ownership Rules | LawSites
Should legal ethics rules be changed to allow non-lawyer ownership of legal services providers? So controversial is the question that it was major news in July when the State Bar of California voted to appoint a task force to study and make recommendations on the issue. What spurred the bar to take this action was the Legal Market Landscape Report it commissioned from William D. Henderson, professor at Indiana University Maurer School of Law. Henderson is my guest on today’s episode to discuss his findings and recommendations.
regulation  governance  clementi  ethics 
september 2018 by JordanFurlong
Nova Scotia’s Stealth Revolution - Not Just For Lawyers
With these decisions, Nova Scotia has gone beyond the theory of its Policy Framework in order to implement both entity regulation and compliance-based regulation in a concrete manner. While Nova Scotia’s regulations in this regard will continue to evolve, and in all likelihood evolve considerably, that does not detract from the significance of these initial, ground breaking decisions. Admittedly, from the perspective of England & Wales and Australia, there is nothing ground breaking about them, given that those countries adopted entity regulation as well as “outcomes focused regulation” (England & Wales) and “proactive, management based regulation” (or “PMBR,” a term Ted Schneyer coined for Australia) quite some time ago. However, from the perspective of Canada and the United States, the NSBS decisions are ground breaking indeed. No other Canadian province or US state has even come close to adopting entity regulation or compliance-based regulation to this extent. Not yet, anyway. (Illinois and Colorado have taken tentative first steps).
regulation  governance  ethics  clementi 
january 2018 by JordanFurlong
Prism Legal Law Firm Ownership: An Evidence-Based Approach - Prism Legal
When it comes to who can own US law firms, we seem stuck in the pre-enlightenment age of speculation and dogma. Articles and commentary I read about law firm ownership presume much and present no evidence. This is perplexing for a profession that prides itself on analytic thinking and marshaling evidence.

Bar regulators must enter their own age of enlightenment. First, they must be honest about the goal: protect lawyers or clients (and perhaps acknowledge consumers and corporations need different rules). Then they must act on evidence.

With the goal clear, search for evidence that supports a plan to achieve the goal. And be willing to re-visit the plan over time as new evidence emerges.

On law firm ownership, I offer two observations. First, Australia and the United Kingdom allowed, more than five years ago, ownership by those not lawyers. Their skis have not fallen. I read many articles from both jurisdictions and none reports client harm.

And second, consider who really controls large US law firms. A September 1st American Lawyer article title asks “As Firms Centralize Management, Are Equity Partners Employees?” It suggests control by a small subset of partners on an executive committee. If true, how does control by a handful compare to the checks and balances of an outside Board of Directors and/or shareholders with a vote?

So my answer, not in the list of choices at Adam Smith, Esq. is “What are we trying to protect exactly and what evidence should guide our answer?”
clementi  ethics  governance 
september 2017 by JordanFurlong
ABA policy-making body adopts principles to guide courts in regulatiing of legal service providers « ABA News Archives
he final vote on Resolution 105 was adopted through a voice vote after a rigorous debate of nearly two hours. While setting out broad principles, such as protection of the public, transparency of services and delivery of affordable and accessible legal services, the proposal was criticized for encouraging delivery of legal services by nonlawyers and companies not guided by principles of the legal profession.

The proposal was one of more than two dozen resolutions approved by the House of Delegates, which determines association-wide policy, at the ABA Midyear Meeting in San Diego. The resolution drew about 45 requests to speak on behalf of the resolution and another 35 against it although most waived the right to speak.

The resolution acknowledges the new developments in the legal marketplace and sets out 10 regulatory principles to guide each state’s highest court as it assesses existing regulatory frameworks and any other regulations related to non-traditional legal service providers.

“We must embrace change in terms of how it will help the public that we are sworn to serve,” said Judy Perry Martinez, who chairs the ABA Commission on the Future of Legal Services. She added the resolution is “neutral” to the concepts of alternative business structures and fee splitting.

The proposal has drawn opposition from a range of state and other bar associations, as well as solo practitioners and small firms which see Internet legal alternatives as competition and services fall short of all ethical considerations. A proposal to reaffirm ABA policy against nonlawyer ownership of law firms was added to the initial proposal, and drew near unanimous support.

David P. Miranda, president of the New York State Bar Association, was the first to speak against the resolution, suggesting it opens “the door to tacit approval” of nonlawyer services. “Resolution 105 is a step backwards,” he said. “The guidelines fail to reaffirm the core principles of our profession.”

The issue pitted former ABA presidents against one another. William C. Hubbard, who established the futures commission during his presidency in 2014-15, spoke for it as did past ABA President Tommy Wells (2008-09). The motion of Wm. T. (Bill) Robinson III (2011-12) to indefinitely table the resolution failed 191-276.

In closing for the proponents of the resolution, former ABA President Robert Grey (2004-05) said the resolution provides a “framework for us to offer guidance for the leadership, development and practice of law in this country for the foreseeable future.”
clementi  regulation  governance  competition  innovation 
february 2016 by JordanFurlong
Divided ABA Adopts Resolution on Nonlawyer Legal Services | The American Lawyer
After a weekend of vigorous and sometimes contentious debates over whether nonlawyers should be allowed to provide simple legal services, the American Bar Association's House of Delegates on Monday voted to adopt a resolution that gives states a framework to consider the regulation of "nontraditional legal service providers.”
clementi  competition  regulation  governance 
february 2016 by JordanFurlong
Legal Services Regulation: The Policy Framework | Nova Scotia Barristers' Society
4.      In order to ensure the public continues to benefit from an independent legal profession, together with the protection afforded by it (e.g. lawyer-client privilege, high ethical practice standards and security of trust funds and property), the Society’s regulation will, as a matter of principle and as confirmed by the regulatory objectives, enhance public protection. However it will also, by limiting its scope of regulation, enable the expanded delivery of legal services.

5.      The Society will seek amendments to the Legal Profession Act and will amend its regulations to state that its public interest role is to regulate the delivery of legal services in the province in accordance with the approved Regulatory Objectives.

6.      The Society will regulate the delivery of legal services by lawyers and will also regulate the delivery of legal services by legal entities, which include lawyers, law firms, law corporations, law departments and other similar entities. The type of legal services and clients of the legal entity will be the key determinants of the extent of risk there is to the public from such practices, and therefore the nature of the risk-focused regulation. Lawyers and legal entities will be entitled to practice law / deliver legal services, which may be defined as follows:

The delivery of legal services involves the provision of services in circumstances where the application of legal principles and judgment with regard to those circumstances or the objectives of a person requires the service provider to have the knowledge and skill of a person trained in the law.
regulation  governance  clementi  ethics 
february 2016 by JordanFurlong
Entity regulation - whaaaaat?
Even without the introduction of ABS, the legal profession is dealing with new questions around ethics and what constitutes the practice of law that may be best monitored or aided by entity regulation. Take, for example, the debate around whether e-discovery and document review constitutes legal work. In the case of Deloitte, which acquired e-discovery services provider ADT Legal Services, the Law Society of Upper Canada has found professionals other than lawyers can undertake the work. The law society’s position is that whether document review services constitute legal services depends on the specific nature of the review being done.
regulation  governance  competition  clementi 
october 2015 by JordanFurlong
Law Society of Upper Canada backs away from radical ownership reform - The Globe and Mail
Many of the loudest critics in Ontario were those who practise at personal-injury law firms. Ownership reforms in Australia have allowed for Slater & Gordon Ltd., which became the first law firm to list on a stock exchange in 2007, to become a dominant player in the personal-injury law business in both Australia and Britain. Some fear that reforms that would allow Slaters and other massive firms like it to expand into Ontario would see them snap up many independent smaller law firms and result in what critics called “cookie-cutter law” for personal-injury clients.
clementi  innovation  governance  regulation 
september 2015 by JordanFurlong
Bencher elections – the challenge to self-regulations legitimacy – Slaw
Prior to the election of Law Society of Upper Canada benchers on April 30, 2015, the Ontario Trial Lawyers’ Association posted on its website a list of benchers who opposed the introduction of Alternative Business Structures. The website stated: “OTLA urges all association members and other eligible licensed lawyer to vote for the following candidates opposed to ABS” (OTLA Bencher Election Voting Guide). At the time some commentators, including me, were quite critical of the OTLA for this approach (“ABS issue dominating bencher vote”)
regulation  governance  clementi 
may 2015 by JordanFurlong
Professor Stephen Mayson2
1. Introduction
It is now more than ten years since Sir David Clementi issued his final report in
December 2004 on the regulatory framework for legal services in England & Wales3
The report laid the foundations for the Legal Services Act 2007 (even though the Act
went further on alternative business structures than Sir David had been willing to
recommend). Its principal aims can be summarised as:
clementi  regulation  governance 
april 2015 by JordanFurlong
LSB going back to “first principles” as it mulls how to replace Legal Services Act
“We are returning to first principles and asking fundamental questions about: the case for sector-specific regulation of legal services; the definition of ‘legal services’ and consideration of the role and nature of the regulatory objectives; when a customer confronts a legal problem, what needs to be regulated in the public interest before, during and after the event; the extent to which future regulation should be built around reserved activities, individuals, titles or entities, and regulator independence and funding.”
clementi  regulation  governance 
march 2015 by JordanFurlong
Bars May Lose Antitrust Immunity | Socially Awkward
As I’ve harped on before, states have very unclear policies to displace competition in the legal marketplace. The definition of “the practice of law” is incredibly vague, and is often used to exclude non-lawyers from doing activities that remotely smell of being “legal.” This is a wake-up call that this definition needs to be clarified and refined – right now – if the state bars want to preserve antitrust immunity.

As for state bar advertising review committees – such as those employed in Florida and Nevada – I’d say this decision marks the end of them. The Court noted that “active supervision” requires, among other things, that:
regulation  governance  clementi 
march 2015 by JordanFurlong
Justices Find Antitrust Law Valid Against Dental Board -
WASHINGTON — The Supreme Court on Wednesday ruled that a state dental board controlled by dentists may be sued under antitrust laws for driving teeth-whitening services out of business.

The decision, by a 6-to-3 vote, set standards that will most likely also apply to state licensing boards, including those for doctors, lawyers and other professionals. States often rely on such boards to decide which potential competitors may ply their trades.

The case, North Carolina State Board of Dental Examiners v. Federal Trade Commission, No. 13-534, concerned a dental board with eight members, six of whom were required by state law to be practicing dentists and were elected by other dentists. The board also included a dental hygienist, elected by other hygienists, and a consumer appointed by the governor.
regulation  governance  competition  clementi 
march 2015 by JordanFurlong
ABA Antitrust Immunity? Not so fast
I refer of course to the Court’s 6-3 ruling in North Carolina State Board of Dental Examiners v. FTC, finding that the dental examiners’ board attempting to prohibit nondentists from teeth whitening violated the Sherman Antitrust Act. If you think this was some arcane back-page curiosity, read on.
regulation  governance  competition  clementi 
march 2015 by JordanFurlong
When Lawyers Don't Get All the Profits: Non-Lawyer Ownership of Legal Services, Access, and Professionalism by Nick Robinson :: SSRN
This article draws on case studies and quantitative data from the United Kingdom and Australia, where non-lawyer ownership has been allowed, as well as the United States – where parallels to such ownership have emerged in online and administrative law legal services. Based on this evidence, it argues that the benefits of non-lawyer ownership have been oversold with respect to access to civil legal services for poor and moderate-income populations and it identifies serious new professionalism challenges such ownership can create. While some form of non-lawyer ownership is likely to continue to spread, these conclusions cast doubt on the ability of non-lawyer ownership to substantially improve access to legal services, suggesting that alternative access strategies should be prioritized. They also point towards the need to carefully regulate non-lawyer ownership in some contexts.
clementi  governance  regulation 
january 2015 by JordanFurlong
A different take on ABS – Proponents and Opponents both miss the point – Slaw
The arguments for the proponents are said to be that (i) access to outside capital permits economies of scale, infrastructure and specialization, (ii) non-lawyer ownership is an avenue not just to economic capital but also to “high-value employee with different skills sets”, (iii) outside investment allows consumers better information and quality of service by the development of brands which provide consumer information and an incentive to ensure quality and (iv) a business offering multiple types of services can provide services with greater convenience and efficiency.
clementi  governance  regulation 
january 2015 by JordanFurlong
LEGAL FUTURES SRA chief executive outlines “back to basics” approach
He said the SRA had improved its performance “quite radically” on alternative business structure (ABS) licensing, to the point where new ABSs should now be authorised in around four months. However, he said the regulator had not approved as many ABSs as expected and not many MDPs had come through.
clementi  regulation  governance 
may 2014 by JordanFurlong
LEGAL FUTURES From ABS to LSB - BT lawyer appointed to oversight regulator » LEGAL FUTURES
A senior lawyer at telecoms giant BT – which owns an alternative business structure – has become the newest member of the Legal Services Board (LSB).

David Eveleigh, general counsel of BT’s global services division and one of the legal leadership team for the wider BT Group, has been joined on the board by Marina Gibbs, the director of competition policy at Ofcom.
regulation  governance  clementi 
april 2014 by JordanFurlong
SCOTUS accepts teeth-whitening case; could decision impair state bars' ability to regulate lawyers?
The amicus brief (PDF) filed by the North Carolina State Bar argues that the 4th Circuit decision upholding the FTC’s power could affect state bars’ power to regulate lawyer ethics and the unlicensed practice of law. “Under the 4th Circuit’s decision,” the amicus brief says, "the state bar and its councilors will face antitrust claims asserted by disgruntled lawyers and by nonlawyers whose conduct constitutes the unauthorized practice of law.”
clementi  ethics  governance  competition 
march 2014 by JordanFurlong
But that aside, the fact is that if you believe in independent regulation, and have doubts that the Law Society council or Bar Council could really act in the public interest, rather than their members’ interests, when dealing with regulatory issues, then this report will only fortify you. For the Bar Council and Law Society, it is by contrast extremely unhelpful. But it would appear that the Bar Council has only itself to blame.
regulation  governance  clementi 
december 2013 by JordanFurlong
Utopia, Dystopia and Alternative Business Structures – Slaw
Regulation of lawyers doesn’t stop innovation. It just dictates where innovation won’t happen.
regulation  governance  ethics  clementi 
november 2013 by JordanFurlong
LEGAL FUTURES Is a return to self-regulation really on the cards? » LEGAL FUTURES
A decade ago Sir David Clementi was sure they couldn’t – those running these bodies invariably conflate the two, in my experience – hence the separation of regulation from representation directed by the LSB.

I cannot see what has changed since, except that the LSB has royally got up the noses of those it oversees in the past five years or so. Revenge is nigh, perhaps.

As I have said in the past, given the stark choice, I would favour a move to a single independent regulator over a return to self-regulation. Saying that, the idea of a large bureaucracy divorced from the reality of legal practice doesn’t fill me with joy either.

I take the point made by Bar Council vice-chairman Nick Lavender QC, at a press conference during the event on Saturday, that a new profession of regulators is emerging – it has long bothered me that the CVs of those appointed to various boards and committees tend to be littered with similar roles in other professions as they ride the quango merry-go-round.
clementi  governance  regulation 
november 2013 by JordanFurlong
LEGAL FUTURES Mayson publishes blueprint for reformed legal regulation framework » LEGAL FUTURES
He laid out three core principles for designing a new regime: there is regulation only where it is in the public interest and either the alternatives to regulation are less effective, or regulation provides additional protection; there is a more coherent set of reserved legal activities; and the current regulatory gap whereby non-reserved services provided by non-authorised persons cannot be subject to direct regulation is addressed.
governance  clementi 
september 2013 by JordanFurlong
Major review of regulation in Nova Scotia
A 10-page project plan for the new initiative points out that the “one size fits all” regulatory model currently used may no longer be appropriate because it “was developed in a dramatically different era when the profession and the practice bore little resemblance to what we have today.”

More than 35 per cent of Nova Scotia’s 1,874 lawyers practise in a corporate or government legal department, and roughly 27 per cent practice in firms with more than 10 lawyers. A decade earlier there were 1,410 lawyers; approximately 25 per cent practised in large firms and fewer than seven per cent worked in-house or for government.

The society’s review builds on its new strategic framework, which will run from 2013 to 2016. That plan has two thrusts: regulatory transformation and enhancing access to legal services and the justice system. In a memo to council members, NSBS executive director Darrel Pink said a “paradigm shift” is necessary. “This would entail a shift away from our traditional way of delivering services which generally required the user to fit into the system and not vice-versa,” he said, adding that “In order to facilitate this we would need to support the re-education/re-learning of lawyers.”
governance  clementi  schools  competition 
september 2013 by JordanFurlong
LEGAL FUTURES LSB lays out vision of radical reform of legal regulation » LEGAL FUTURES
The Legal Services Board (LSB) has today published its “blueprint for deregulation”, the culmination of which would be a new single regulator for the legal market that is “organisationally, statutorily and culturally fully independent of both government and representative bodies’ vested interests”.
clementi  governance 
september 2013 by JordanFurlong
LEGAL FUTURES SRA "loosening shackles" of separate business rule » LEGAL FUTURES
There are signs of the Solicitors Regulation Authority (SRA) relaxing its strict interpretation of a key rule which may be “dampening” innovation and new entrants to the market, according to the Legal Services Board (LSB).
clementi  governance 
september 2013 by JordanFurlong
LEGAL FUTURES ABA: US lawyers can share fees with ABS non-lawyers » LEGAL FUTURES
An American Bar Association (ABA) ethics opinion has opened the door to US law firms sharing fees with counterparts in the UK, even when non-lawyers within alternative business structures (ABS) will also benefit.
clementi  ethics  governance 
august 2013 by JordanFurlong
A 'trade' in law firms to emerge in 2020 | Managing Partner
the increasing complexity of law firm structures will challenge the regulatory framework. In addition, it says the legal market will be reshaped by a fundamental review of which legal activities are regulated. Regulation will focus on the entity’s activity, rather than the various individual legal professionals, it suggests.

It predicts that law firms and alternative business structures (ABSs) will adopt marketing strategies that are much more reminiscent of retail operations. Consolidation in the market will be driven by demand from big brands to have white-labelled legal offerings, it says.

It suggests that the unbundling of legal services will result in greater integration of legal and other services, which in time could enable clients to ‘build’ their advice package online in the same way that they can currently create a custom holiday package. Fixed fees will continue to be used, it says, but will no longer be calculated in such a way as to deliver the same result as the hourly rate.
innovation  unbundling  clementi  regulation  governance 
june 2013 by JordanFurlong
LEGAL FUTURES Revealed: government eyes deregulation of legal market » LEGAL FUTURES
Further deregulation of the legal market is in the offing as a result of two initiatives at the Ministry of Justice, Legal Futures can reveal – and could yet lead to will-writing becoming regulated.
governance  clementi 
may 2013 by JordanFurlong
Why not let nonlawyers help regulate the legal profession? Law prof makes case for change - ABA Journal
Washington and Lee law professor James Moliterno tells the Wall Street Journal Law Blog (sub. req.) that nonlawyers should be allowed to serve in leadership and policy positions in the ABA and state bar associations, where they could help set standards for the profession. He makes his case in an Emory Law Journal article (PDF) and a new book, The American Legal Profession in Crisis: Resistance and Responses to Change.
governance  clementi 
may 2013 by JordanFurlong
LEGAL FUTURES The politics of will-writing » LEGAL FUTURES
I understand that it was a real knife-edge decision by the LSB, and on reflection I think I agree with it. There’s no doubt that when something goes wrong with estate administration, it can go catastrophically wrong. But on the LSB’s analysis, the unregulated community among estate administrators is small (4-5% – by contrast around 15% of will-writers are unregulated) and assuming only a (very) small proportion of those people are actually crooks, the risk is, relatively speaking, low.
competition  governance  clementi 
february 2013 by JordanFurlong
LEGAL FUTURES LSB formally requests government to regulate will-writing - but not estate administration » LEGAL FUTURES
The Legal Services Board (LSB) will today formally recommend to the Lord Chancellor that will-writing – but not estate administration – should be regulated legal work.
governance  competitors  clementi 
february 2013 by JordanFurlong
LawSoc launches legal proceedings against Government over impact of Legal Services Act- Legalweek
The Law Society has launched proceedings against the Secretary of State for Justice Jack Straw and the Office for Legal Complaints (OLC) over the impending impact of the Legal Services Act.
governance  Clementi 
march 2010 by JordanFurlong
SRA to overhaul regulation and scrap ‘unjustified’ rules | The Law Gazette
The Solicitors Code of Conduct is to be rewritten and a swath of detailed conduct rules are likely to scrapped under plans being discussed today by the Solicitors Regulation Authority.

The SRA intends to fundamentally reform the way it regulates, moving from the current ‘box-ticking’ system of detailed rules to ‘principles-based regulation’, similar to the regime used by the Financial Services Authority.
Clementi  governance 
december 2009 by JordanFurlong
Law Times - Law presidents push LSUC reform
The LSUC has been seeking the profession’s input on a number of governance questions, such as the bencher election process, the size and nature of Convocation, and the separation of benchers as adjudicators and regulators. The review could have major implications for the profession. Lawyers in England and Australia have lost the right to self-governance due in part to the perception that their regulatory bodies weren’t adequately serving the public interest.
Bookmarks  governance  Clementi 
september 2009 by JordanFurlong
A broken business model
Our professional leaders continue to defend self-regulation, focusing on the need to protect client confidentiality, guard against conflicts of interest, protect the public from the unauthorized practice of law, maintain the independence of the legal profession and ensure access to justice and high standards of ethics. Despite self-regulation, it's pretty clear that we have fallen short of the last goal. It's also clear, at least to me, that it no longer makes sense to regulate the delivery of legal services to individuals the same way that we regulate legal services to businesses. Moreover, the case against our retrograde regulatory environment is relevant to our hand-wringing about legal costs and the lame law firm business model. University of Southern California Gould School of Law Professor Gillian Hadfield, a lawyer and an economist, argues that regulatory barriers keep us from reducing the high cost of corporate legal services. She suggests that — but for proscriptions against
Bookmarks  innovation  access  governance  clementi 
august 2009 by JordanFurlong
Legal Services Board unveils year-one priorities - Legal Week, legal news, comment, events and legal jobs
he report also states that the LSB sees it as a priority to promote new entrants to the legal services market, including non-traditional services providers. As such, the body pledges to make “significant headway” in realising opportunities related to alternative business structures in legal services, the most radical element of the 2007 act.
Bookmarks  clementi  governance 
april 2009 by JordanFurlong
Smedley calls for SRA group to police City firms - Legal Week, legal news, comment, events and legal jobs
ity law firms should be policed by a specialised division of the Solicitors Regulation Authority (SRA), according to a high-profile report commissioned by the Law Society. The review, conducted by Nicholas Smedley, a former senior civil servant from the Ministry of Justice, has recommended the creation of a Corporate Regulation Group at the SRA.
Bookmarks  governance  clementi 
march 2009 by JordanFurlong
Editors' Blog: Will the real legal services regulation review please stand up?
For lovers of reviews of legal regulation, these are truly glorious days. With the Legal Services Board (LSB) today kicking off its review of the independence of the profession's regulatory bodies, we now have our sixth review of regulation either recently finished or ongoing (this doesn't include the barrage of consultations issued by the Bar Council and Bar Standards Board which are surely too much to ask even the most dedicated scribe to keep up with).
Bookmarks  governance  clementi 
march 2009 by JordanFurlong
LSB reviews independence of law watchdogs - Legal Week, legal news, comment, events and legal jobs
he Legal Services Board (LSB) has launched a review of regulatory independence in the profession as the oversight body moves to flesh out the framework governing the business of law. The LSB today (25 March) launched a consultation on the separation of regulatory and representative functions at eight approved regulators designated under the Legal Services Act (LSA), including the Law Society and Bar Council. The consultation paper addresses the internal governance of the approved regulators and the control of practising certificate fees.
Bookmarks  governance  clementi 
march 2009 by JordanFurlong

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