Compliance & Regulation
Being a higher court judge is “saleable” post-retirement
Being a higher court judge is “saleable”, with post-judicial work “as significant a perk for many as the knight/damehood”, a former circuit judge has claimed.
Ban on providing legal advisory services to Russians comes into force
A ban on UK lawyers providing ‘legal advisory services’ to Russians comes into force today, while a review has found good level of sanctions compliance among commercial barristers.
High Court boost for costs lawyers as new way to qualify goes live
The first course offering the new way to qualify as a costs lawyer has begun admitting students in the wake of comments from a High Court master praising the contribution of costs lawyers.
Large North-West conveyancing practice to close doors on Friday
A large conveyancing firm in the North-West is to close its doors on Friday, with its two directors taking some staff to join the practice owned by listed company Smoove.
Retired judges “should be regulated” if they return to practice
Retired judges who engage in legal work after their retirement, whether advocacy or litigation, should be regulated by the BSB or SRA, academics have argued.
Part of 13-firm Law Direct group saved in pre-pack sale
North London law firm Alexander & Partners has bought parts of the Law Direct group of 13 law firms in a pre-pack following its administration.
SRA’s unlimited fining power will apply to SLAPPs, minister confirms
A new power for the Solicitors Regulation Authority to levy unlimited fines in cases of economic crime will extend to SLAPPs, the government has confirmed.
SRA squandered “incredible potential” of ABSs, says Burford boss
The boss of the world’s largest litigation funder has accused the Solicitors Regulation Authority of squandering the opportunities offered by alternative business structures.
Law firms “must publish” fees for family and employment work
Law firms should have to publish their fees for family and employment work beyond unfair dismissal claims, Legal Services Consumer Panel has told the SRA.
Impact of solicitor’s misconduct on PII led to firm shutting down
A solicitor who lied to various clients about the progress of their matters caused so many claims against his firm that it had to close because of rising indemnity insurance premiums.
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.
