By Marialuisa Taddia

Lawyers are resisting government plans to allow the Financial Conduct Authority to assess whether law firms and their managers are "fit and proper" to carry out anti-money laundering supervision, arguing that the proposals would duplicate existing vetting and impose a disproportionate new burden on them.

By Ashish Sareen

Reed Smith LLP said Monday that its new alternative legal services and technology division has launched a platform to help clients comply with the European Union's landmark regulation governing crypto-assets.

By Marialuisa Taddia

The Legal Services Board should undertake "a comprehensive reset" of the system for regulating lawyers until broader reform becomes politically feasible, an independent review commissioned by the Ministry of Justice concluded on Monday.

By Marialuisa Taddia

The Solicitors Regulation Authority said Thursday that it is consulting on plans to require law firms to notify it when they use or arrange third-party litigation-funding for consumer claims, after the collapse of SSB Group exposed risks to consumers.

By Adele Redmond

The Law Society has pushed back against the U.K. government's plan to ban nondisclosure agreements in cases of workplace harassment and discrimination, saying its proposals to make employers cover the cost of written legal advice for workers could undermine settlements and draw out disputes.

By Ashish Sareen

The solicitors' watchdog has proposed two new rules that would require law firms to communicate more clearly and regularly with clients who make complaints as part of reforms to strengthen complaint-handling standards before matters are escalated to the Legal Ombudsman.