Law Society hits back at client money consultation
The Law Society of England and Wales has hit back at the Solicitors Regulation Authority’s consultation on the future of law firms holding client. ‘Client money in legal services – safeguarding consumers and providing redress’ was published on Thursday 14th November 2024 to address what the SRA described a sharp rise in the ‘number and […]
LSB launches consultation into how regulators will oversee prevention and detection of economic crime
A consultation on how legal regulators, including the Solicitors Regulation Authority (SRA) and Council for Licensed Conveyancers (CLC), can ‘promote the prevention and detection of economic crime’ has been launched by super-regulator, the Legal Services Board (LSB). Launched on 15th November 2024, the consultation will run until 7th February 2025 with the objective to ‘underline […]