A nascent regulatory scheme governing U.K. law firms that will go into effect on Oct. 6 is likely to have profound implications for U.S. firms with U.K. offices. The new rules represent a significantly different approach to the regulation of lawyers — and law firms — than the prevailing structure in place in the United [...]
SRA urges solicitors to report rivals’ malpractice
May 13, 2011 By
Solicitors are being urged to ring in and report any rival local firms they suspect of wrongdoing. The Solicitors Regulation Authority said doomed business plans drawn up by rogue firms are taking millions of pounds from the compensation fund, and ruining the reputation of the legal profession. The SRA is hosting a series of roadshows [...]
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