Compliance & Regulation
Axiom Ince stops taking new instructions as break-up looms
The end appears nigh for Axiom Ince, with the law firm admitting that it has stopped taking new instructions and will “likely be unable to continue in its current format”.
Partner lied to new firm about drink-driving convictions
A solicitor who lied to Keystone Law about drink-drive convictions as well as investigations into his conduct when he joined the listed law firm has been struck off.
Solicitor failed to spot conflict in property deals for vulnerable client
A solicitor failed to spot a conflict of interest when a vulnerable client’s attorneys bought five properties using her money but gave themselves a 50% ownership stake in each.
SRA “must look at how regulation can promote access to justice”
The SRA must explore how its work “can be used to enhance and promote access to justice”, such as by ensuring there are enough social welfare lawyers, the Legal Services Consumer Panel has said.
Suspended solicitor points finger at SRA over “administrative error”
A solicitor suspended for practising without insurance has blamed an admitted “administrative error” by the Solicitors Regulation Authority for triggering the events which led to it.
Law firm fined for paying proceeds of sale to third party
A law firm which failed to follow its internal processes and transferred the proceeds of a property sale to a third party has been fined for misconduct.
Solicitor who sent £147,500 cheque with resignation letter struck off
A solicitor who enclosed a cheque for £147,500 with his resignation letter, so he could leave a national law firm with a “clear conscience”, has been struck off.
Legal Choices portal “best way forward” for single register of lawyers
An improved version of the Legal Choices ‘Can you trust your legal adviser?’ portal could be “the best way forward” for a single digital register of all regulated lawyers, the LSB has said.
One in four complaints to Legal Ombudsman outside new time limits
More than a quarter (27%) of complaints made to the Legal Ombudsman are outside the new time limits introduced at the beginning of April, it has emerged.
Solicitor redacted witness statements to cover up mistakes
A solicitor has been struck off after redacting witness statements to cover up actions he had taken, including agreeing that his client would pay costs, without her knowledge.
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.
