*/
It will be easier for barristers to set up legal businesses after the Bar Standards Board agreed to make the criteria for approving new entities more flexible.
Earlier this summer, the BSB agreed to recommendations that several compulsory rules now be made discretionary, so as to make the authorisation regime more agile. The rules would have obliged entities to:
These criteria will still be included in a policy statement, to be published with the new Handbook – due to go live in January 2014.
The BSB will apply to the LSB to be a Licensing Authority once the ‘non-ABS’ entity regulation regime (as described above) has been approved. Barristers can already set up ABSs, but they currently need to be regulated by another approved regulator such as the SRA.
For further information, please see: http://bit.ly/14sk8ve
Earlier this summer, the BSB agreed to recommendations that several compulsory rules now be made discretionary, so as to make the authorisation regime more agile. The rules would have obliged entities to:
These criteria will still be included in a policy statement, to be published with the new Handbook – due to go live in January 2014.
The BSB will apply to the LSB to be a Licensing Authority once the ‘non-ABS’ entity regulation regime (as described above) has been approved. Barristers can already set up ABSs, but they currently need to be regulated by another approved regulator such as the SRA.
For further information, please see: http://bit.ly/14sk8ve
It will be easier for barristers to set up legal businesses after the Bar Standards Board agreed to make the criteria for approving new entities more flexible.
By Derek Sweeting QC
What should barristers be doing on the personal finance front ahead of the end of the tax year on 5 April? Julian Morgan of Fleet Street Wealth answers your questions
Are you ready to embark on this arduous but potentially rewarding journey? Julie Gottlieb of Sherwood PSF Consulting provides a self-examination checklist, hints and tips to help you prepare for a future application
Unlocking your aged debt to augment cash flow in one easy step… By Philip N Bristow of Vector Professions Finance
Aejaz Mussa and Bethany Wong explain how ONELAW CHAMBERS' expert solicitors and barristers are shaping the legal industry during these unprecedented times and are prepared for the post-COVID era
By Alexander Sverdlov
What should barristers be doing on the personal finance front ahead of the end of the tax year on 5 April? Julian Morgan of Fleet Street Wealth answers your questions
The problem with ambition is when we tie it to the wrong destination... something with which lawyers commonly struggle, says Helen Conway
Are high achievers their own worst enemies when it comes to self-doubt? Nikki Alderson offers ten strategies to help you overcome imposter syndrome and achieve your goals
Are you ready to embark on this arduous but potentially rewarding journey? Julie Gottlieb of Sherwood PSF Consulting provides a self-examination checklist, hints and tips to help you prepare for a future application
Tim Collins explains how to make the cut and not be blunted