Compliance & Regulation
Solicitor posed as police officer to get CCTV footage from Nando’s
A motoring solicitor from Cheshire has been found guilty of impersonating a police officer after trying to get CCTV footage from a Nando’s restaurant.
Solicitor jailed for money laundering now allowed to hold client money
A solicitor who returned to the profession after being jailed for four years for money laundering offences can now hold client money and act as a signatory on client account.
Using client account as banking facility lands solicitors in trouble
The former co-head of a City law firm’s yacht department and a veteran sole practitioner in Shropshire have been fined for using client accounts as a banking facility.
Legal Services Board acknowledges “failure to protect consumers”
The Legal Services Board accepts responsibility for its role in “the failure” of the regulatory system to protect consumers, its chair said yesterday.
Legal Services Board “has lost its way”, government review finds
The oversight regulator of legal services has “lost its way” in recent years and a reset is needed while work begins on a wider review of regulation, a major report has concluded.
LSB to focus on “fewer but more clearly defined priorities”
The Legal Services Board will focus “more sharply on fewer but more clearly defined priorities” in a three-year strategy to be launched later this year.
SRA outlines specific regulation for law firms using litigation funding
Law firms arranging or using third-party litigation funding for consumer claims will have to tell the SRA about it, under plans unveiled today.
Lawyers “could be negligent” for failing to use AI
Lawyers and other professionals can be sued for negligence for failing to use AI, according to the latest legal statement from the UK Jurisdiction Taskforce.
New protocol for reporting bullying and harassment by judges
A new protocol to help legal professionals raise concerns about bullying, harassment and discrimination by judges has been launched by the senior judiciary.
City solicitor charged with five counts of insider dealing
The Financial Conduct Authority has charged a City solicitor with five counts of insider dealing while working on a listed company’s acquisition.
Blog
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Information isn’t oversight – lessons from the PM Law review
The PM Law review’s real findings perhaps point to a failure mode applying to any organisation sitting on scattered risk information.
Reports
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