“It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man, who knows what the law is today, can guess what it will be tomorrow.”
From Federalist No. 62 (H/T Instapundit)
News this week that solicitors might not need a separate Client Account. This may be the Law Society just testing the waters, but it is interesting that the Bar Council is at the same time setting up a mechanism for holding client money. And in the USA, attorneys are likely to set up a trust account to hold client money.
The Law Society talks of reducing the cost of regulation, a cost largely borne by the client. But one of my hobby horses is that the Law Society will never point out to clients just how much protection they have in using a Solicitor. That runs from the PI policy to the Compensation Fund to the handling of client money. Is it surprising if lawyers go regulator shopping?