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There
are many good reasons why people should use a solicitor to transact
business for them and these include:
- lengthy training [usually at least 6 years]
- strict regulation
and code of ethics
- compulsory insurance and a compensation
fund administered by the national Law Society
The training needed to qualify as a solicitor is laid down by
Act of Parliament and statutory regulations. With a few exceptions,
a solicitor must spend three years getting a university degree,
a further year at law school (two years at law school, if his/her
degree was not a law degree) followed by two years apprenticeship
in a solicitors' firm. On qualification training does not stop:
every solicitor must complete at least 16 hours a year of updating
lectures.
The Law Society of England and Wales closely regulates every
aspect of solicitors' activities.
In fact, its "Guide to the Professional Conduct of Solicitors" is
nearly two inches thick!
The Accounts Rules regulating how solicitors deal with clients'
money are particularly detailed and stringent. Each solicitor
must have a vigorous audit done every year by independent chartered
accountants who must give an annual report to the national Law
Society. In addition, that Law Society has its own inspectors
who do random checks.
Every solicitor must have adequate professional
indemnity insurance.
The Law Society of England and Wales operates a Compensation
Fund.
Members of the public can be assured that if they use a solicitor,
they can do so with confidence.
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