In brief: Scottish Law Society meets Liddell

A Law Society of Scotland delegation met Helen Liddell, economic secretary to the Treasury, last week in a bid to retain the regulation of those of its members who provide financial advice. As The Lawyer revealed in May, Liddell is seriously considering allowing the planned all-embracing financial regulator Newro to take over regulation of solicitors who provide financial advice. John Elliot, president of the Law Society of Scotland, said a potential regulatory conflict was also being created by devolution, since the Scottish parliament would be in charge of Scottish solicitors, while financial advice regulation was a reserved matter that would remain under Westminster control. We think we do a good job of regulating the profession already, he added.