News Archive
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The Importance of Client Selection by Loctkon Companies LLP 28 February, 2022 When considering Professional Indemnity claims it is often worth looking back at the root of where the issues first arose. What can become clear is that many claims could have been avoided if the client selection process at the firm was more robust. In an uncertain political and economic landscape… |
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SPG stepping up for the environment and sustainability! 20 February, 2022 We have taken a closer look at our SOLO Journal. We are pleased to confirm the paper used in the production of our magazine has always been an FRC certified product and has a high recycled content. The ink used is vegetable based, and there are no laminates or coatings used during production, so… |
| SPG Response to the SRA’s Consultation on the closure of the Solicitors Indemnity Fund (SIF) 18 February, 2022 Following extensive consultation with our members, Mr Clive Sutton, Honorary Secretary, has put together a detailed response to the SRA’s proposal to close SIF, approved by the Executive Committee of the Sole Practitioners Group. The response has been submitted to the SRA. The response and… |
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What do you know about Cryptocurrency? 12 February, 2022 It is important is as solicitors, we need to be aware of the potential AML type issues, and ensure we adhere to FCA and other regulations as they evolve. In 2021 it was estimated that approximately 9.8 million people in the UK owned crypto currency, a substantial increase on the estimated 1.5… |
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The Governments Proposed Reform of the Human Rights Act 17 January, 2022 The Human Rights Act came into force in 1998 some 23 years ago and makes provision for certain basic rights such as freedom from ill treatment, right to life and right to a fair trial. These rights derive from the European Convention on Human Rights to which the UK is a signatory. The Government… |
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Sole Practitioners and Supervision Duties 16 August, 2021 The sole practitioner route has been a well-established path for many years now, allowing solicitors to be self-employed and have the independence of running their own law firm. This route involves the practice of the sole practitioner being authorised by us as a recognised sole practice. … |
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SRA grants a further extension to SIF - Bulletin from Lockton Insurance 21 June, 2021 Dear Member, Further to our newsletter regarding the extension to SIF, Our sponsors, Lockton Insurance have issued a bulletin and asked the SPG to share it with our members. Please see their comments below: "We write to advise that the Solicitors Regulation Authority (SRA) has announced a further… |
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Closure of The Solicitors Indemnity Fund - Time limit extended 15 June, 2021 Dear Sole Practitioner Group Members, I am not sure how many of you have been following the saga of the proposal to close the Solicitors Indemnity Fund which gave protection following the compulsory six year run-off insurance, to those who have retired without being able to pass their liabilities… |
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Sole Practitioners and Consultant Supervision - Guidance on Sole Practitioners responsibilities 27 May, 2021 With Sole Practitioners increasingly using the services of Consultant Solicitors, we have asked the SRA for some guidance regarding the responsibilities this entails. They have kindly produced the guidance note below for us. ***Please note that the guidance note contains links for you to follow… |
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LEAP Practice Management System - Information about Data Storage Practice Management 27 May, 2021 Regarding questions about LEAP's Data Storage that we have put to LEAP on your behalf, below is information that we have received from LEAP. “LEAP is a cloud solution that puts your data security first. Our applications employ military grade AES-256 encryption to ensure that there is no risk of… |