SRA’s “flexible” approach to MDPs backed by LSB (LF)

The Legal Services Board (LSB) has backed a new “flexible” approach by the Solicitors Regulation Authority (SRA) aimed at making it easier for multi-disciplinary partnerships (MDPs) to become licensed as alternative business structures.

It’s not on, CHAPS! (EAT)

The Bank of England (BoE) said those whose house moves were delayed last Monday or subsequently by a temporary shut-down of the CHAPS electronic money-moving service should approach their own bank for help in covering additional bills.

Legal aid firm in shock closure (LSG)

Mackesys, one of London’s biggest criminal legal aid firms, has announced its immediate closure after more than 40 years in business by means of an outspoken statement on its website.

Complaints against other solicitors (LF)

The SRA recently published data showing a 47% increase in the number of solicitor-on-solicitor complaints received in 2013 (2,698); it also provided data that showed a four-fold increase in the number of self-reports made (1,019).

Banks told to help over house-move delay costs (EAT)

The Bank of England has said those whose house moves were delayed on Monday or yesterday by a temporary shut-down of the CHAPS electronic money-moving service should approach their own bank for help in covering additional bills.

CHAPS crash will delay deals this week (EAT)

The Bank of England’s problems with the CHAPS system of electronic money payments, including those transferring monies at the end of the house-buying process, will almost certainly lead to problems in house completions during this week.