Compliance & Regulation
Partner ignored SRA’s warning over providing banking facilities
A partner who ignored a warning letter from the SRA telling him not to use his client account as a banking facility, which he then did, has been fined £10,000.
SDT lifts restrictions on twice-fined solicitor despite SRA objection
The Solicitors Disciplinary Tribunal has lifted practising conditions on the former partner of a law firm whom it has twice fined, latterly £20,000 for “very serious misconduct”.
Partner’s trainee supervision failure aided “property hijacks”
The boss of a Manchester law firm has been fined £12,500 for failing to supervise his trainee properly in conveyancing transactions that “bore the hallmarks of property hijacks”.
Solicitor instructed and paid by clients without telling firm
An immigration solicitor who misappropriated £31,500 of his law firm’s fees by failing to record clients and then pocketing their fees has been struck off.
Manifestly incompetent solicitor fined for role in “secret sale”
A solicitor who facilitated a “secret, snap sale of inheritance property” after which the seller absconded to Morocco with proceeds to which he was not entitled has been fined for missing multiple warning signs.
Home Office “monitoring” immigration lawyers for regulatory breaches
The Home Office is keeping watch on immigration practitioners to ensure they are regulated and not breaching their obligations, it has emerged.
Law firm “colluded” with medics and others to layer PI claim
The Solicitors Regulation Authority should investigate a personal injury firm involved in “layering” a claim with further costs, given evidence that this is a pattern of behaviour..
“Shambolic” solicitor suspended over disorderly closure of firm
A solicitor who ran his law firm in a “shambolic fashion”, taking on more than 100 new cases when it should have been in the process of closing down, has been suspended for three months.
High Court rejects solicitor’s appeal against disciplinary findings
A solicitor described by the Solicitors Disciplinary Tribunal as having acted in a seriously inept manner has failed in his appeal against an £8,000 fine to the High Court.
Solicitor used disbursements cash to prop up ailing PI firm
A solicitor whose firm was badly hit by turbulence in the personal injury market – as well as a failed attempt to diversify into cavity wall litigation – used cash meant for disbursements to keep his firm afloat.
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
