SMEs would bear the brunt of proposals to fund access to justice through client accounts – CILEX
Small to medium sized law firms could be unfairly and disproportionately penalised under Ministry of Justice (MoJ) plans to redistribute interest from client accounts to fund access to justice, the Chartered Institute of Legal Executives (CILEX) claims. The proposed Interest on Lawyers’ Client Accounts (ILCA) would represent a “further tax and compliance burden which could […]
SRA pays out £9m to ‘most urgent’ PM Law transactions after receiving 250 applications to compensation fund
The Solicitors Regulation Authority (SRA) has provided £9 million in compensation to clients of PM Law, which closed unexpectedly at the start of February. The money has been largely used to facilitate property transactions which have been delayed as a result of the closure of the Sheffield law firm and its 20-plus affiliate firms. The […]