Barristers’ clerks to Bar Standards Board: regulate us

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  • If clerks are managing accounts worth £millions shouldn't they be regulated by the FSA? Ttey lurk in the background of chambers and stay quiet about what strings they are pulling, it symbolises the lack of transparency right across the bar.
    It is about time the Bar Council started encouraging transparency for all, not just the firms who instruct them.

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  • Seems to be inspired by two things: first that more and more sets are hiring in chief execs to run things, leaving many clerks feeling passed over and under-valued. Gaining a professional regulator gives them a certain kudos. The second issue is when the BSB finally allows entity regulation (sometime this year) clerks could find themselves as the managers of ltd companies, with as the poster above states, many millions of pounds in revenues. Also, if entities are allowed to hold client monies, as solicitors firms can, then clerks may well need some kind of regulatory oversight in any case. Other than that can't see why need to be regulated, as clerks are not about to offer legal services. (Although not sure about bringing in the FSA.)

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  • At a time at which the Bar's income is falling, the suggestion that more funds should be pumped into the BSB to create yet another system of regulation that no-one wants or needs, is noteworthy. If Clerks wish to pay towards this, then fine, but I suspect the subscriptions and the cost of yet more BSB staff, will be met by the "Guvnors." Before increasing the incidence of the prosecution of Barristers, or even of Clerks, proper, accountable and transparent systems of fairness and due process for the Bar need to replace what is sometimes painfully redolent of kangaroo justice.

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