Navigating the intricate world of third-party relationships is crucial for maintaining compliance and protecting your practice from liability. This resource provides in-depth, practical guidance on managing third-party risks, ensuring due diligence, and developing robust contracts and agreements. Equip yourself with the tools needed to handle third-party interactions with confidence and uphold the highest standards of practice compliance.
What is a solicitor's undertaking?An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the...
In what circumstances might a solicitor be able to contact another lawyer's client directly?The current SRA Standards and Regulations (STaR) are...
SRA Code of Conduct for individuals and firmsThis Practice Note provides guidance on the SRA Codes of Conduct, contained in the SRA Standards and...
Acting for yourself, friends and familyThis Practice Note covers considerations where a law firm wishes to act for one of its own partners or...
Is an undertaking binding and enforceable if given by a legally unqualified individual on behalf of their law firm?The SRA Code of Conduct for Firms imposes an obligation on the firm to comply with all undertakings given by the firm within an agreed timescale—or if no timescale has been agreed,
What is a legal entity identifier (LEI) and does my law firm need one?What is a legal entity identifier?A legal entity identifier (LEI) is 20-character code that is unique to the entity it is allocated to. Once issued, a LEI stays with the entity throughout its existence. LEIs are registered on a
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
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