*/
Profession
The Bar Council has launched BARCO, a third party escrow account held with Barclays Bank, to allow barristers to offer a wider range of legal services without breaching professional rules.
The Code of Conduct forbids barristers handling client money themselves, which means barristers are reliant on solicitors to deal with the finances of cases and pay them their fee. BARCO, a limited liability company, provides escrow services to barrister and client, avoiding individual barristers handling money themselves. The company is applying to be regulated by the Financial Services Authority.
BARCO may be particularly useful for barrister-led Alternative Business Structures, whether they are regulated by the Bar Standards Board or the Solicitors Regulation Authority, and for barristers who do direct access work.
It will launch formally in 2013 after a national road show of the Bar this autumn and an initial pilot phase with 11 sets.
The Code of Conduct forbids barristers handling client money themselves, which means barristers are reliant on solicitors to deal with the finances of cases and pay them their fee. BARCO, a limited liability company, provides escrow services to barrister and client, avoiding individual barristers handling money themselves. The company is applying to be regulated by the Financial Services Authority.
BARCO may be particularly useful for barrister-led Alternative Business Structures, whether they are regulated by the Bar Standards Board or the Solicitors Regulation Authority, and for barristers who do direct access work.
It will launch formally in 2013 after a national road show of the Bar this autumn and an initial pilot phase with 11 sets.
Profession
The Bar Council has launched BARCO, a third party escrow account held with Barclays Bank, to allow barristers to offer a wider range of legal services without breaching professional rules.
Chair of the Bar Sam Townend KC highlights some of the key achievements at the Bar Council this year
Louise Crush of Westgate Wealth Management highlights some of the ways you can cut your IHT bill
Rachel Davenport breaks down everything you need to know about AlphaBiolabs’ industry-leading laboratory testing services for legal matters
By Louise Crush of Westgate Wealth Management sets out the key steps to your dream property
A centre of excellence for youth justice, the Youth Justice Legal Centre provides specialist training, an advice line and a membership programme
By Kem Kemal of Henry Dannell
Mark Neale, Director General of the Bar Standards Board, offers an update on the Equality Rules consultation
Joanna Hardy-Susskind speaks to those walking away from the criminal Bar
Imposing a professional obligation to act in a way that advances equality, diversity and inclusion is the wrong way to achieve this ambition, says Nick Vineall KC
Tom Cosgrove KC looks at the government’s radical planning reform and the opportunities and challenges ahead for practitioners
By Ashley Friday of AlphaBiolabs
