Compliance & Regulation
SRA faces £700k costs battle with Carter-Ruck partner
The Solicitors Regulation Authority faces having to pay up to £700,000 in costs after its prosecution of a partner at top media firm Carter-Ruck was summarily dismissed.
Using Legal Choices “improves understanding”
The website run by all the legal regulators to help consumers navigate the justice system improves understanding of legal issues, research has found.
“Repurpose unused apprenticeship levies” to support access to justice
Repurposing large law firms’ unused apprenticeship levies was this week put forward as a more practical option than a levy of wealthy law firms to support access to justice initiatives.
SRA pays out £9.3m to PM Law clients in month after collapse
The Solicitors Regulation Authority has already paid out £9.3m to clients of the collapsed PM Law Group, it revealed today.
Legal Services Board “may need more money and staff” to do its job
The Legal Services Consumer Panel has questioned whether the Legal Services Board is “sufficiently resourced and structured” to oversee regulation of the sector.
Legal Services Board formally issues SRA with censure over SSB
The Legal Services Board has today finally issued the formal public censure of the SRA for its failure to protect consumers affected by the collapse of SSB Group.
Mazur: Court refuses CILEX Fellow exemption to conduct litigation
A circuit judge has refused to grant a highly experienced chartered legal executive an exemption that would allow her to conduct a family law case.
SRA shuts down eight-office Home Counties law firm
An eight-office Home Counties law firm – operating under seven different names – was closed down yesterday by the Solicitors Regulation Authority.
Regulators told to be tougher with AML disciplinary action
Some legal and accountancy regulators are not undertaking “sufficiently dissuasive disciplinary measures” over non-compliance with AML rules, their oversight body has warned.
Dual-qualified barrister who misled High Court is disbarred
A Bar disciplinary tribunal has ordered that a dual-qualified barrister, who misled the High Court as a solicitor, should be disbarred.
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.
