Compliance & Regulation
Axiom Ince: SRA receives £33m in client claims but no in-year call for funds
The Solicitors Regulation Authority has decided against making an unprecedented mid-year call on the profession to bolster its Compensation Fund in wake of Axiom Ince’s collapse.
Law firms “continue to threaten” journalists despite SRA warnings
Libel law firms continue to mislead journalists and others that their letters cannot be published and the SRA needs to act, high-profile tax lawyer Dan Neidle said yesterday.
Solicitor MP clashes with CILEX leaders over regulatory reforms
A solicitor MP yesterday clashed with the leaders of CILEX over the body’s planned reforms, including using the title ‘chartered lawyer’ and creating chartered paralegals.
Solicitor rebuked for baseless threat to prosecute law firm
A solicitor who threatened another law firm with criminal proceedings if it did not settle a negligence claim, when in reality that would not happen, has been rebuked by the SRA.
“Shamelessness” of SLAPPs has grown but still no disciplinary action
The number and “shamelessness” of SLAPPs has grown but there has been no disciplinary action against the lawyers responsible for how they are run, a major conference heard yesterday.
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.
Blog
Small steps, big impact: how SME law firms are making legal tech work
For SME law firms, the priority is turning the potential of tech into measurable impact: success is driven not just by the technology, but by how firms approach planning and implementation.
Why housing disrepair claims against councils have leapt by nearly 400%
Housing disrepair claims against councils have surged dramatically in recent years, with some areas reporting increases approaching a staggering 400%.
Client accounts: Opportunity, obligation and the risks in between
The profitability gap between well-run firms and the rest is not primarily a function of size, location or practice area – it is a function of financial management.
