Compliance & Regulation
Reprimand for barrister who gave magistrates a Nazi salute
A veteran barrister who used a German accent during proceedings before magistrates and raised his hand to the bench in a Nazi salute, has been reprimanded by a Bar disciplinary tribunal.
Leading firm fined £101,000 for anti-money laundering failures
A leading South-West law firm has been fined £101,357 for failing to act over money laundering red flags on three property transactions, two of which may have involved a sanctioned entity.
Legal Services Board eyes 14% increase in budget
The Legal Services Board is considering a 14% increase in its budget in a bid to strengthen its “direct oversight” of the frontline regulators’ performance.
SDT was wrong to slash SRA’s prosecution costs, High Court rules
The Solicitors Disciplinary Tribunal was wrong to slash the costs of the Solicitors Regulation Authority in a successful prosecution by 78%, the High Court has ruled.
Law firms “may avoid high-risk work” under new complaints rules
Law firms may avoid carrying out work in “high-risk sectors” under the new regime planned by the Legal Services Board for client complaints, the Law Society has warned.
Disbarred barrister convicted over antisemitic blog posts
A former barrister who was disbarred for antisemitic and racist tweets has now been convicted for grossly offensive antisemitic material posted on his blog.
Solicitor accepts “substantial damages” over Times libel
A solicitor whose political ambitions were derailed by a libellous article about his legal work for miners has accepted “substantial” damages from The Times.
Consolidation of legal regulators “may be a good thing”
Consolidation of legal regulators “may be a good thing” if it pulls together knowledge, lessons, consumer research and engagement, the Legal Services Consumer Panel has said.
Bar Council to step up support for chambers
The Bar Council is to produce a set of template policies for chambers and may even set up a Bar jobs board, it has emerged.
SRA: Lawyers “must not trust AI to judge its own accuracy”
The Solicitors Regulation Authority has warned solicitors not to trust artificial intelligence to “judge its own accuracy” and remember that existing AI “does not have a concept of truth”.
Blog
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
The power of participation for trainees and apprentices
It’s important as a trainee or an apprentice to get involved in the life of your firm – even under the pressure of discovering how to navigate professional life and now the demands of the SQE.
