Compliance & Regulation
MPs: Case to review Legal Services Act “growing stronger and stronger”
The case for re-examining the regulatory framework created by the Legal Services Act 2007 is “growing stronger and stronger”, MPs have told the government.
Miller: Who lawyers decide to act for is not a regulatory issue
Who lawyers choose to act for is not a regulatory issue – and the Solicitors Regulation Authority needs to be clear on this, a leading legal regulatory specialist said yesterday.
Prove you will practise here, BSB to tell transferring overseas lawyers
The Bar Standards Board could ask foreign lawyers seeking to be called in England and Wales to prove they intend to practise here, it has emerged.
SRA sets out plans to regulate CILEX paralegals and students
The Solicitors Regulation Authority has outlined its plans to regulate the thousands of Chartered Institute of Legal Executives members who are paralegals and students.
Newly qualified solicitor struck off for false time recording
A newly qualified solicitor who “falsely recorded time across a number of files” to show his law firm that he was meeting his billing target has been struck off.
Lady Chief Justice speaks out in support of cab-rank rule
The Lady Chief Justice yesterday spoke out in support of the cab-rank rule, arguing that without it “law and justice become an arbitrary concept”.
Strike-off for solicitor who lied to SRA about firm’s closure
A solicitor who lied to the Solicitors Regulation Authority after failing to renew his firm’s professional indemnity insurance has been struck off.
Short suspension for junior solicitor who groped colleague
A male solicitor who groped and propositioned a female colleague at his firm’s Christmas party has been suspended for three months.
Money laundering solicitor finally pays off confiscation order
A struck-off solicitor and money launderer has finally satisfied the £716,719 confiscation order made against him in 2017, after facing a return to jail.
Don’t put up a barrier with your business, in-house lawyers told
In-house lawyers should not think they are special because of their wider duties to the court as this risks alienating them from their business colleagues, it was claimed yesterday.
Blog
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
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.
