Our advice supports members to navigate business challenges and the changing legal and regulatory landscape.
This practice note explains the provisions of the act and provides information on the procedures that firms can put in place to prevent bribery being carried out on their behalf and to avail themselves of the statutory defence.
This practice note advises on dealing with a client who intends to gift their assets.
Disputes about trusts can arise years after they are drawn up. It is essential that solicitors know who owns the original documents and papers on file.
This practice note aims to assist firms to address the issues that arise when a solicitor, who has held fiduciary roles, retires or departs from a practice.
Firms carrying on insurance distribution activities will need to change the way they work to adapt to the Insurance Distribution Directive.
This practice note outlines the regulatory requirements to consider when setting up your practice.
Advice on responding to law enforcement agencies seeking access to client files to investigate financial crime.
This practice note includes detailed advice on the regulatory and SRA Handbook requirements that apply to in-house practice.
This practice note clarifies the status of LPP, explores recent concerns about how the right has been asserted, summarises practitioners’ duties and clarifies the main principles of LPP.
Whether you are making your first suspicious activity report (SAR) or your 100th, providing the correct information will ensure that it is processed quickly and can be used most effectively.
This briefing is designed to provide Law Society members with information about the changes and help them consider the implications for their practises.
From 1 October 2018 notice and grounds of appeal relating to appeals against conviction and sentence must be lodged directly with the Criminal Appeal Office.
A Suspicious Activity Report is a disclosure made to the National Crime Agency under Part VII of the Proceeds of Crime Act 2002 or Part III of the Terrorism Act 2000.
Details of the Law Society interest rate as referred to in the Standard Conditions of Sale.
The draft guidance is designed to assist those advising non-UK domiciled clients on the important tax changes introduced by the Finance (No.2) Act 2017.
This practice note sets out good practice for managing file closure at the termination of a matter and the need to manage risks inherent in the mismanagement of file administration.
This practice note details the requirements for giving clients sufficient information to make an informed decision about the appointment of an executor.
This practice note sets out good practise in the event of an authorised deposit taking institution collapse.
The Law Society has produced a detailed briefing for members about the changes that follow the SRA's 'Looking to the Future' consultation.
The Law Society has published FAQs providing useful information to solicitors for moving across and complying with the new SRA scheme for continuing competence.
Article 9.2 of the Fourth EU Money Laundering Directive empowers the European Commission to identify 'high risk third countries'
The EU has amended DAC6 to require intermediaries to report certain cross-border arrangements to tax authorities of EU member states.
This practice note highlights some of the risks associated with house competitions in relation to illegal lotteries, fraud and money laundering.
We have prepared an interim informative and case summary following the Court of Appeal's judgment in Dreamvar.
Advice on using social media to promote your business and the benefits and risks of using social media.
Preparing a will or lifetime gift for a client can be a sensitive area. Your firm should have safeguards in place to protect it from allegations of improper influence.
This practice note explains the information that you must include in order to comply with the Code of Conduct 2011 requirements, and the steps that you should take to facilitate this.
These notes have been prompted by a paper produced by the Institute of Chartered Accounts in England and Wales and the Institute of Chartered Accountants of Scotland.
This practice note provides examples of how you can communicate all of the information required to your clients in a clear and effective manner.
This practice note assists solicitors in advising clients regarding lasting powers of attorney.
This practice note explores the regulatory impediments to in-house solicitors providing pro bono services to the public.
This practice note provides details on alternative business structures.
The Law Society Conveyancing Protocol sets out the Society's preferred practice in residential conveyancing transactions of freehold and leasehold property
This practice note provides guidance on which parts of the file are owned by the client and which are owned by the solicitor.
This practice note provides advice on how to ensure that you are a good supervisor, and advises those being supervised on how to ensure they receive effective supervision.
Resources available to you, tips on how to manage fee earners' and management's expectations, and help you avoid some of the common pitfalls for newcomers
In this month's feature, we look at how MLROs can develop effective relationships with their legal practice's accounts team.
Potential criminal sanctions for breaches of money laundering obligations can be seen as a useful headline to keep the attention of partners and fee earners in training.
Many MLROs still find the verification of source of funds a contentious area, with fee earners and partners often making a number of incorrect assumptions about their obligations.
This article gives advice on how to persuade your board and senior partners that the Proceeds of Crime Act should be taken seriously.
We look at what a money laundering reporting officer needs to consider before deciding that there are grounds to make a report to the Serious Organised Crime Agency.
This practice note outlines changes to the evidence requirements for legal aid funding in private law family cases (domestic violence gateway).
This practice note provides an overview of entity-based regulation for solicitors.
This practice note is designed to give firms an overview of outcomes-focused regulation (OFR) and issues for consideration.
The final version of the legal sector AML guidance was approved by HM Treasury in March following a draft in September. We list the changes between the draft and final guidance.
The Law Society is recommending that providers of training contracts should pay their trainees £21,561 in London and £19,122 outside London.
Revisions to Standard Conditions of Sale and Standard Commercial Property Conditions have been agreed.
Solicitors who make distributions out of a deceased person's estate to a bankrupt beneficiary may be making the distribution to the wrong person.
The Legal Services Act 2007 requires that a head of legal practice and head of finance and administration are appointed in each ABS as compliance officers.
This practice note gives an overview of conflict of interests in the SRA's new Handbook. In line with outcomes-focused regulation, there is much less information and guidance.
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