Solicitors

High Court ruling on meaning of ‘lack of integrity’ to cause SRA and other regulators problems

Iain Miller 2

The High Court ruling last week that said a lack of integrity on the part of a solicitor is the same as dishonesty could cause regulators real problems when prosecuting cases where they are not sure they have enough to establish dishonesty, it has been claimed.

April 21st, 2017

SRA attacks “disproportionate and unnecessary” money laundering regulations

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New anti-money laundering regulations planned by the Treasury would impose “disproportionate and unnecessary” burdens on law firms, the Solicitors Regulation Authority has warned. It was particularly unhappy about a ‘criminality test’ for lawyers.

April 20th, 2017

New system sees insurers refer 26 law firms to SRA over fraud fears

James Dalton

Insurance companies have referred 26 law firms to the Solicitors Regulation Authority in recent months through a new process that aims to “better facilitate exchange of information” between the regulator and the Insurance Fraud Bureau, it has emerged.

April 19th, 2017

Tribunal lays out Clyde & Co’s “glaring” failures

Clyde & Co

The failures which led to a record fine for Clyde & Co were “particularly glaring” as it was “a large and, previously, reputable firm”, the Solicitors Disciplinary Tribunal has declared in approving the sanction. It emerged earlier this month that the City practice had been fined £50,000 but the full ruling has only just been published.

April 19th, 2017

Tribunal sanctions partners who borrowed from Axiom fund at second time of asking

A#1000

Two partners found by the High Court to have displayed “manifest incompetence” in accepting £573,000 lent to their law firm by the controversial Axiom Legal Financing Fund, have been respectively suspended and fined by the Solicitors Disciplinary Tribunal.

April 18th, 2017

SRA fails in bid to recover £800,000 of intervention costs from Blavo & Co owner

Closed sign

A bankruptcy judge has set aside statutory demands worth nearly £800,000 issued by the Solicitors Regulation Authority against the founder of collapsed firm Blavo & Co, which were to cover the cost of shutting down what was the UK’s leading mental health practice.

April 18th, 2017

Does a lack of integrity show dishonesty? High Court says yes as it overturns “flawed” strike-off

RCJ portrait

A High Court judge has overturned a decision by the Solicitors Disciplinary Tribunal to strike off a former partner of national law firm Bond Dickinson, because the distinction it drew between acting without integrity and being dishonest meant the whole case against him was flawed.

April 13th, 2017

Significant rise in number of solicitors struck off, as tribunal faces ever more complex cases

Edward Nally - pic

The Solicitors Disciplinary Tribunal struck off 35% more solicitors in the last calendar year than the one before, its annual report has revealed. Meanwhile, the legal costs awarded to the Solicitors Regulation Authority for bringing the prosecutions rocketed from £1.7m to over £3m – an increase of 76%.

April 13th, 2017

Paralegal who lied on CV barred from solicitors’ profession

SRA logo on brick wall

A paralegal who secured a job on the back of a false CV and later faked letters to hide the fact that he had missed a court date has effectively been thrown out of the profession. Among other things, he claimed to have attended Yale University, whereas in fact he had just submitted a research paper for the law review, which was not published.

April 12th, 2017

Solicitor who transferred £1.3m to Belize is suspended for money laundering breaches

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A solicitor who transferred nearly £1.3m to an offshore bank account in Belize has been suspended for a year for breaches of the money laundering regulations and accounts rules. A disciplinary tribunal said she have have unwittingly facilitated the movement of monies during the course of a suspected fraud.

April 11th, 2017