Compliance & Regulation
Family specialists choose employee ownership over acquisition
The founders of a specialist family law firm have spurned potential acquirors to transfer it instead into an employee ownership trust, saying the move sends a positive signal to would-be staff.
Solicitor who let one mistake “snowball” fined by tribunal
A solicitor who let one mistake on a property sale snowball so that it affected multiple transactions in a portfolio has been fined £10,000 – even though he preferred to be struck off.
Solicitor struck off for blue badge misuse fails in High Court appeal
A solicitor who used a disabled badge that did not belong to him nine times to park near his law firm has failed in his appeal against being struck off.
Partner suspended over gift from client and seeking introduction fee
A former partner at listed law firm Gateley has been suspended for a year after accepting a £2,500 cash gift from a client and later asking the client for an introduction fee.
Vulnerable clients struggle in face of “cold, clinical and chaotic” lawyers
Vulnerable clients are being disadvantaged by the “cold, clinical and chaotic manner” in which they are treated by some lawyers, a report for the Legal Services Board has found.
Barrister failed to justify direct access client’s £420,000 bill
A direct access barrister who failed to justify fees for herself and a colleague of £420,000 plus VAT for a divorce hearing has been fined £5,000 by a Bar disciplinary tribunal.
Barrister suspended for telling jury that judge was talking “rubbish”
A barrister who described a judge’s summary of a witness’s evidence as “absolute rubbish” and asked if the judge was giving evidence has been suspended for four months.
SRA should be able to fine much more than £25,000, LSB tells Raab
The Solicitors Regulation Authority’s fining powers should go “considerably beyond” the proposed increase to £25,000, the Legal Services Board has told the Lord Chancellor.
Fine for male trainee who told female colleague: “I roofied your drink”
A trainee solicitor who subjected two female colleagues to “harassing and abusive behaviour” at a work Christmas party – groping them and telling one he had “roofied” her drink – has been fined.
Sibling partners embrace employee ownership to maintain team spirit
The sister and brother partners of an Essex law firm have rejected acquisition offers from larger firms and decided to transfer their shares to an employee ownership trust.
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.
