Compliance & Regulation

The Solicitors Qualifying Examination holds up well in the era of artificial intelligence (AI) chatbot ChatGPT, the boss of the Solicitors Regulation Authority says today.

Two support staff at leading City practices have been banned from the profession after being convicted of possessing indecent photographs of children.

Law firms and other businesses that are “over-excited” by the potential of ChatGPT to boost productivity risk inputting sensitive and confidential client information.

The Solicitors Regulation Authority expects to use its proposed new power to demand information from solicitors about economic crime several hundred times a year, it has emerged.

The Solicitors Regulation Authority has continued to flex its new fining powers by issuing a £5,000 penalty against a law firm for six years of anti-money laundering failures.

A solicitor already struck off in Ireland for a different offence has now been struck off in England and Wales after using one client’s money to pay another’s tax liability.

A partner in a large Midlands law firm, who tried to “trick” an elderly farmer out of part of his protected tenancy in the way he sent notices to quit, has been suspended for a year.

The insurer of London law firm Jirehouse – whose founder was jailed last year for fraud – has failed its ongoing bid to exclude liability for £6m in losses suffered by a client.

A solicitor who told clients that the Office of the Public Guardian was to blame for what were actually her own errors in registering lasting powers of attorney has been struck off.

The SRA has set out the fee caps it is planning to impose to prevent law firms handling financial product or services mis-selling claims from charging “excessive” fees.