Solicitors

Personal injury firm sold multi-track work after “sudden and unexpected” rejection by bank

the road of money

A personal injury firm was forced to sell its multi-track work at a “considerable” loss after the “sudden and unexpected” withdrawal of support from its bank, the Solicitors Disciplinary Tribunal has heard as it fined two partners and a non-lawyer partner for retaining unpaid professional disbursements in its office account.

May 23rd, 2017

Senior management of defunct firm Cobbetts set to face tribunal over alleged incompetence

SRA reception sign

The former senior and managing partners of Manchester firm Cobbetts, as well as its former finance director, are among eight people who have been referred to the Solicitors Disciplinary Tribunal over alleged incompetence in the demise of the practice.

May 23rd, 2017

Regional practice becomes ABS to facilitate equity swap with Singapore firm

Ed Turner Taylor Vinters

A law firm has acquired an alternative business structure licence to facilitate an equity swap, as part of its bid to integrate with a firm of Singapore lawyers and comply with restrictive local laws on ownership. A regulatory rule change in Singapore made it difficult for the branches of foreign firms to operate.

May 22nd, 2017

New APIL chief urges SRA to act over solicitors taking referrals from cold-callers

The Solicitors Regulation Authority needs to do more to crack down on law firms that take cases from companies that generate leads through cold-calling, the new president of the Association of Personal Injury Lawyers has said. He also warned that government PI reforms have been paused, not scrapped.

May 22nd, 2017

Lord Chief Justice emphasises vital role of law schools in face of education reforms

Lord Thomas_crop

The Lord Chief Justice has signalled concerns about the impending reform to educating law students, saying that a “very broadly based legal education” and law schools “as the centres of excellence” must not be diluted. Lord Thomas said the start of a legal career “must be at law school”.

May 18th, 2017

SRA should be wary of “litigation tactics disguised as conduct complaints” after ‘400 Club’ ruling

Paul-Bennett for Legal Futures

A Court of Appeal ruling this week that exonerated claimant personal injury solicitors of gaming the system for low-value road traffic accident claims is also evidence that the Solicitors Regulation Authority needs to take more care when dealing with complaints by parties to litigation, it was argued yesterday.

May 18th, 2017

“Sloppy is an understatement” – solicitor sanctioned over dubious transaction

Flats

A solicitor who “failed to distinguish between the personal and professional” when doing business with a family he knew, meaning that he overlooked signs of possible money laundering, has been sanctioned by the Solicitors Disciplinary Tribunal. It said his own description of his work as sloppy was “an understatement”.

May 15th, 2017

Indefinite suspension for solicitor who opted to pay off bank instead of £605,000 owed to HMRC

HM Revenue & Customs HMRC

A solicitor has been suspended indefinitely after breaching conduct rules by preferring his bank as a creditor over Her Majesty’s Revenue & Customs, leaving the Exchequer hundreds of thousands of pounds out of pocket as a result. John Barrie Wilson had already been also disqualified as a director because of the shortfall.

May 12th, 2017

High Court again overturns SDT ruling that cleared solicitor over Axiom fund borrowing

rcj 2

The High Court has overturned a decision by the Solicitors Disciplinary Tribunal to clear a solicitor who borrowed money from the controversial Axiom Legal Financing Fund of charges of misconduct – five months after another ruling involving two solicitors who took an Axiom loan was also reversed.

May 11th, 2017

Legal Aid Agency criticised for trying to prosecute major law firm fraud through local authority rather than CPS

Lord Thomas of Cwmgiedd LCJ

The Crown Prosecution Service has taken over prosecution of a major legal aid fraud by a law firm after the Court of Appeal criticised the Legal Aid Agency for trying to run the case through the fraud department of a local authority instead. It expressed surprise that both the agency and Thurrock council had tried this course of action.

May 8th, 2017