Permitted separate business definition

View the related practice notes about Permitted separate business

Separate businesses: SRA examples 2011 [Archived]

From 1 November 2015, the business'>separate business rules changed fundamentally in an attempt to level the playing field between alternative business structure(ABS) firms and solicitor-owned firms.This includes fundamental changes to:•which legal services can be provided via a non Solicitors Regulation Authority(SRA)-regulated separate business—pretty much anything apart from immigration and reserved legal activities•the type of services you can offer from your SRA regulated practice—a variety of non-legal services have been addedChapter 12 of the SRA Code of Conduct must be read in conjunction with SRA Ethics guidance—the separate business rule (SBR), 21 October 2015, which includes a number of sample scenarios, which have been consolidated in this Practice Note.Ensuring you can act independentlyWhere you represent the client in litigation you, should have conduct of the litigation, not the separate business.Transparency: estate agencyW & Co (an SRA-regulated firm) are part owners of G Properties (an estate agency). G Properties is therefore a separate business.The two businesses do not share premises, staff, publicity or a website, although referrals occur between them.G Properties engage in some legal activity that is routine for estate agents, eg, providing draft leases to residential landlords. However, cases are never ‘split’ between the two firms and W & Co only refer clients for estate agent activities.There would seem to be little risk of consumers being confused

Separate businesses from 1 November 2015 [Archived]

From 1 November 2015, the business'>separate business rules changed fundamentally in an attempt to level the playing field between alternative business structure (ABS) firms and solicitor-owned firms.This includes fundamental changes to:•which legal services can be provided via a non Solicitors Regulation Authority(SRA)-regulated separate business—pretty much anything apart from immigration and reserved legal activities•the type of services you can offer from your SRA-regulated practice—a variety of non-legal services have been added, eg accountancy servicesChapter 12 of the SRA Code of Conduct must be read in conjunction with SRA Ethics guidance—the separate business rule (SBR), 21 October 2015, which includes a number of sample scenarios, which have been consolidated in Practice Note: Separate businesses: SRA examples 2011 [Archived].Any reference in this Practice Note to solicitors includes registered European lawyers.Delivering legal services via a separate businessWhat is a separate business?A separate business means a business which:•you own, are owned by, actively participate in or are connected with, and•is not:◦authorised by the SRA or another approved regulator◦an in-house practice or permitted overseas practiceThe definition applies wherever the business is situated and it will therefore catch a non-UK separate business (which is not an SRA-permitted overseas practice).Most parts of the SRA definition are themselves defined in the SRA glossary, notably 'own', 'owned by', 'actively participate

View the related precedents about Permitted separate business

Terms of business—law firms 2011 [Archived]

Terms of business—law firms 2011 [Archived] The purpose of this document is to confirm the arrangements between us. [Although your continuing instructions in this matter will amount to your acceptance of these Terms of Business, we ask that you sign, date and return one copy for our file OR Your continuing instructions in this matter will amount to your acceptance of these Terms of Business]. Table of contents • Business hours • Our responsibilities • Your responsibilities • Service levels and frequency of communication • Limit of liability • Banking • Regulated services • Unregulated services • Professional indemnity insurance • Storage and retrieval of files • Outsourcing • External auditing and due diligence • Terminating your instructions • Data protection • Promotional communications • Prevention of money laundering and terrorist financing • Foreign Account Tax Compliance Act • Confidentiality • Receiving and paying funds • Complaints • Our bill • Payment of interest • Investment advice services • Insurance distribution activity • Equality and diversity • Applicable law • Future instructions Business hours We are normally open between [insert opening hours, eg 9.00 am and 5.30 pm from Monday to Friday, except for Wednesday when we open from 9.00 am until 8.00 pm]. [We may be able to arrange appointments outside of these hours, in cases of emergency.] [ We are closed on all bank holidays.] Our responsibilities We will: • treat you fairly and with respect; • communicate with you in plain language; • review your matter regularly; • advise you of any changes in the law that affect your matter;

Accounts manual for Accounts or Finance team 2011 [Archived]

Accounts manual for Accounts or Finance team 2011 [Archived] 1 This document sets out our [accounting OR finance] systems and controls. Any person working in the firm’s [Accounts OR Finance] department must ensure they have read and understand the contents. There is a separate, shorter version of this document for use by fee earners and non-[Accounts OR Finance] staff. 2 Basic principles 2.1 We have an overriding duty to protect client money and assets. 2.2 We must at all times comply with the SRA Accounts Rules 2011 (the rules). Except where those Rules provide otherwise, we must: 2.2.1 keep other people's money separate from our money 2.2.2 keep other people's money safely in a bank or building society account identifiable as a client account 2.2.3 use each client's money for that client's matters only 2.2.4 use money held as trustee for the purposes of that trust only 2.2.5 account for interest on other people's money 2.2.6 keep proper accounting records to show accurately the position with regard to the money held for each client and trust 2.2.7 establish and maintain proper accounting systems and internal controls 2.2.8 not provide banking facilities through a client account 3 Accounts department 3.1 The [Accounts OR Finance] department is located at [insert location, eg office if you have more than one office or location within your office]. 3.2 The [Accounts OR Finance] department is led by [insert name and/or title][, who is also the

View the latest Halsbury's Laws of England documents on Permitted separate business

477. Separate businesses.

Separate business means, where a solicitor owns, manages or is employed by an authorised body1, a separate business: (1)     which he owns; (2)     which he is owned by; (3)     where he actively participates in the provision of its services, including where he has any direct control over the business or any indirect control over the business through another person; or (4)     which he is connected with, and which is not an authorised body, an authorised non-SRA firm, or an overseas practice2.Clients must be