Law Society ‘slams’ SRA proposals to remove client accounts
The Law Society of England and Wales has warned against the Solicitors Regulation Authority’s (SRA) proposal to move away from client accounts to third-party managed accounts. This forms part of the Law Society’s response to the SRA’s consultation on client money in legal services, which was launched following the collapse of the firm of Axiom […]
One in 10 couples who split over the age of 50 use property wealth to fund the cost of divorce
One in 10 (11%) couples who divorce after the age of 50 use money from their property (e.g. from the sale of a family home or equity release) to fund the cost of their divorce, according to new research from Legal & General . The research, which explored the financial impact of divorce in later-life, […]