Compliance & Regulation
Politicians turn up heat on SSB Law “scandal and disgrace”
Concern among MPs about the fall-out from the collapse of Sheffield-based SSB Law is growing rapidly, while one of the insurers that was pursuing its clients for costs has paused its activities.
SRA takes action in 24 cases of alleged NDA misuse
The Solicitors Regulation Authority has taken action of differing levels of severity in 24 cases where misconduct in relation to non-disclosure agreements was alleged, it has emerged.
Solicitor who acted for clients without telling firm struck off
A solicitor who concealed from his law firm that he was acting for clients in a personal capacity, getting them to pay £3,250 into his personal bank account, has been struck off.
Two barristers disbarred for dishonest handling of tax affairs
Two experienced barristers found to have behaved dishonestly in how they managed their tax affairs – with one receiving a suspended jail sentence – have been disbarred.
Litigator who misled client, firm and court about cases struck off
A solicitor who lied to her institutional client, her employer and the court to cover up her failure to progress cases has been struck off.
Solicitor struck off over LPA signature short-cuts
A solicitor who submitted two lasting powers of attorney to the Office of the Public Guardian showing she had witnessed the donor’s signatures – when she had not – has been struck off.
Solicitor struck off for antisemitic and offensive tweets
The Solicitors Disciplinary Tribunal today struck off the practitioner it found earlier this week had published antisemitic and offensive posts on Twitter.
Clyde & Co “failed to reflect on its own failures” in AML case
City firm Clyde & Co “failed to reflect on its own role” in AML rule breaches until a late stage and sought instead to blame one of its partners, the Solicitors Disciplinary Tribunal has held.
Barrister “recklessly misled” BSB in applying for practising certificate
A barrister who “recklessly misled” the Bar Standards Board into giving him a practising certificate by falsely stating that he was a door tenant at a set of chambers has been disbarred.
Berkshire firm hit with £16k fine for AML compliance failures
A law firm that did not have sufficient anti-money laundering controls in place for nearly six years has been fined £16,000 for its failures.
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.
