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DAILY TELEGRAPH Fox News viewers worst-informed, study finds - Thu, 24 May 2012 15:31:13 GMT
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FINANCIAL TIMES UK first-quarter growth revised down - Thu, 24 May 2012 09:15:40 GMT
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BBC NEWS BBC News - Business - Thu, 24 May 2012 10:04:29 GMT
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Record number of claims against solicitors
Some 88 new claims on the Solicitors Compensation Fund were made in the third quarter of 2011, the highest quarterly figure since the Solicitors Regulation Authority opened in 2007.
Overall there were 1,806 claims open against the fund with the value of £196m, up 25% on a year ago.
This coincides with a decline in the number of law firms being closed by the SRA to a four year low. In the year to 30 September, the SRA intervened in 61 practices, compared to 76 in 2009/10, 87 in 2008/9 and 76 in the year before that.
Some 85% of interventions were into practices run by sole practitioners.
The number of practicing solicitors continues its inexorable rise, reaching a new peak of 124,306 in September, a 3% rise on a year earlier. There are now 161,815 solicitors on the roll.
The number of law firms has stayed fairly static, however, going up from 10,962 in September 2010 to 11,009 this year.
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