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LSB approves the SRA’s regulatory changes

The Legal Services Board (LSB) recently approved the SRA’s ‘Looking to the Future’ reforms, effectively giving the official go ahead for the regulatory changes which will be phased in over the course of the next year or so.

Update on conferences and roadshows

Judging by the feedback, this year's Annual Conference, held in London and Manchester in May and July, it was a great success and we have put together an interesting agenda for the Roadshows this Autumn which are being held In four regional centres.

COFAs – PI insurance claims and losses: are your client payment controls robust?

One of the COFA’s core duties is to safeguard client money by ensuring the law firm has sound accounting controls and procedures. Jason Mitchell looks at a law firm’s payment controls and at situations which could potentially lead to a professional negligence claim with the firm’s professional indemnity (PI) insurers or result in a financial loss to the practice.

VAT treatment of statutory charges

The ILFM explains the VAT treatment of statutory charges, such as land charges and land registry fees, following the Brabners first tier tribunal decision.

The bearer of good news

This year, for the first time, the Law Management Section’s Financial Benchmarking Survey report is free for all practices. And the results show continued improvements across the market. Andy Harris explains.

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