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A better way

31 March 2011 / Tony Guise
Issue: 7459 / Categories: Features , Regulatory
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Tony Guise welcomes the advent of COLPs & COFAs

The changes which alternative business structures (ABSs) will bring about in the market for the delivery of legal services and to those firms who may not even be considering entering into an ABS remain the stuff of conjecture and nightmare-scenarios abound. However, there is a more tangible change taking place on 6 October 2011 to the way all legal service providers will be required to operate in the future.

The new Solicitors Regualtion Authority (SRA) handbook, which comes into force on 6 October requires both ABSs and solicitors firms to appoint a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA) in order to become authorised. What will the implications of these new roles be and what effect are they likely to have upon the regulated community? Both are creations of the Legal Services Act 2007, where they  have the name head of legal practice and head of legal compliance—the SRA has changed the titles and extended the requirement to

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MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
In this week's NLJ, Steven Ball of Red Lion Chambers unpacks how advances in forensic science finally unmasked Ryland Headley, jailed in 2025 for the 1967 rape and murder of 75-year-old Louisa Dunne. Preserved swabs and palm prints lay dormant for decades until DNA-17 profiling produced a billion-to-one match
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
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