Compliance & Regulation
SDT rejects non-lawyer partner’s appeal against ban
The Solicitors Disciplinary Tribunal has rejected an appeal from a non-lawyer partner banned by the SRA from being a manager of a law firm over a client account shortage.
SFO lays out global web Schools used to hide Axiom cash
The Serious Fraud Office has laid out the complexity of its investigation into the Axiom Legal Financing Fund fraud, taking in eight countries, from the UK to the Marshall Islands in the South Pacific.
Solicitor founder of Axiom fund faces jail after fraud conviction
The solicitor mastermind of the Axiom Legal Financing Fund was yesterday found guilty of five counts of fraud, fraudulent trading and money laundering, and told he faces a lengthy jail sentence
Law Society and SRA to recoup extra £10m from solicitors
Practising fees for solicitors are to increase by 10%, or £10.4m, in the next year, with the practising certificate fee to rise £20, the Law Society and Solicitors Regulation Authority have proposed.
MPs’ watchdog takes on barristers too as new BSB chair
Kathryn Stone is to add overseeing the conduct of barristers to her current role as MPs’ watchdog after she was appointed chair of the Bar Standards Board.
SRA eyes in-house alternative to Solicitors Indemnity Fund after u-turn
The Solicitors Regulation Authority has said it believes “a new consumer protection arrangement within the SRA” was likely to be more cost-effective than retaining the Solicitors Indemnity Fund.
Solicitor found in criminal contempt for “act of colossal stupidity”
A senior City partner who told a client to “burn” a private messaging app after it was served with a search order has been found guilty of criminal contempt of court.
SRA to reinstate annual fee for 60,000 non-practising solicitors
The Solicitors Regulation Authority is to go ahead with plans to reintroduce next April an annual application fee of up to £40 for non-practising solicitors who want to stay on the roll.
Judge throws out “career-ending” contempt claim against solicitor
A High Court judge has rejected a potentially “career-ending” contempt application against a solicitor, describing it as “wholly frivolous” and totally without merit.
“Duped” solicitor fails in challenge to strike-off
A solicitor “duped” into paying over £1.2m in sale proceeds to third parties in what turned out to be property frauds has failed in his appeal against being struck off.
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.
