Compliance & Regulation
BSB board and staff at odds over transferring foreign lawyers
Members of the BSB clashed with senior staff last week over how to deal with the large number of foreign lawyers seeking to be called in England and Wales but who do not intend to practise here.
Law firm fined £12,400 for not making good on undertakings
A law firm in Nottingham that failed to perform undertakings it gave on two property transactions – allowing another party to register a charge on one of them – has been fined £12,400.
Profession to pay for firm failures as compensation fund levy soars
The SRA has proposed a 336% hike in compensation fund contributions for law firms in the wake of the spiralling cost of law firm failures.
SRA places controls on head of department who misued blue badge
A senior law firm staff member who used her late mother’s disabled badge to park in a disabled bay close to its offices has been placed under controls imposed by the SRA.
Suspension for barrister who failed to pay former law firm partner
A barrister who failed to comply with a court order to pay £54,600 to a former salaried partner in his law firm has been suspended for six months by a Bar disciplinary tribunal.
Lawyers and CMCs face £250 fee to complain to Financial Ombudsman
Lawyers and claims management companies making volume complaints to the Financial Ombudsman Service on behalf of clients will be charged £250 per case, it has proposed.
Khan faces second jail term after losing appeal against contempt ruling
The Court of Appeal has rejected former solicitor Sophie Khan’s bid to overturn a contempt of court ruling sought by the SRA that will see her head to jail for a second time.
Electoral Commission director named LSB chief executive
The director of communications, policy and research at the Electoral Commission is to become the new chief executive of the Legal Services Board.
Cost of regulation would “drop like a stone” with no client account
The cost of regulation would “drop like a stone” if solicitors were not allowed to hold client money, the chief executive of the Solicitors Regulation Authority said yesterday.
SSB victims group expresses concern over regulators’ investigations
The SSB Victims Support Group has expressed concern about the way the Solicitors Regulation Authority is conducting its investigation into the collapsed Sheffield law firm.
Blog
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
