Compliance & Regulation
SRA finally moves to shut down Axiom Ince
The Solicitors Regulation Authority has today closed down Axiom Ince, the scandal-hit law firm that was on the verge of collapse.
High Court rejects appeal from “I like what I see” solicitor
The High Court has rejected an appeal against a £20,000 fine imposed on a male law firm owner who said “mmm, I like what I see” to a young woman applying for a paralegal position.
LSB seeks new role as AML supervisor for legal services
The Legal Services Board has argued that it should take over responsibility for anti-money laundering supervision in legal services from OPBAS.
The SIF debate is finally over as SRA takes control of run-off scheme
The seven-year debate over the future of the Solicitors Indemnity Fund has finally ended, with the Solicitors Regulation Authority formally taking over its management on Sunday.
“Shocking and abhorrent” conduct – SDT explains Bretherton strike-off
The conduct of the City solicitor struck off for taking sexual advantage of an 18-year-old apprentice was “shocking and abhorrent”, the Solicitors Disciplinary Tribunal has said.
SRA fines law firm £45,000 for how it ran financial mis-selling claims
The Solicitors Regulation Authority has slapped a law firm with a £45,000 fine for multiple failures in its conduct of financial mis-selling claims.
Law firm data breach “highlights risks to domestic violence victims”
A family law firm that disclosed personal data about a woman and children to her rapist ex-partner has been highlighted in a warning over how data breaches are putting domestic abuse victims’ lives at risk.
Ban for cashier convicted of stealing from law firm employer
A legal cashier who received a suspended jail sentence for stealing money from her law firm’s office account has been banned from the profession.
Taskforce to investigate ethics of City law firms acting for oligarchs
A heavy hitting group of City lawyers and anti-corruption experts is to examine the ethics of solicitors providing civil legal services to overseas oligarchs and kleptocrats.
“We could yet intervene in Axiom Ince,” SRA boss says
The Solicitors Regulation Authority may yet intervene in Axiom Ince, the law firm that now seems on the brink of collapse, it confirmed yesterday.
Blog
Client account interest is not spare change
The proposed Interest on Lawyers’ Client Accounts scheme is being framed as a sensible, international, “tried and tested” way for the profession to help fund a justice system under strain.
The formula for finance-enabled business development
Client concentration or over-dependence now counts as a top strategic risk for 26% of firms. Cross-selling is an antidote – a way to bolster revenue resilience without relying on client acquisition.
Whistleblowing guidance for in-house lawyers – a call to arms
In-house lawyers are in a unique position to spot wrongdoing. But reporting it is not just potentially dangerous from a personal point of view.
