Compliance & Regulation
SRA earmarks £550,000 for one-off cost-of-living payment to staff
The Solicitors Regulation Authority has put aside up to £550,000 to give staff a one-off pay boost to help with the cost-of-living crisis, it has emerged.
SRA struggling to keep hold of anti-money laundering staff
The Solicitors Regulation Authority is facing “challenges” in retaining staff in its anti-money laundering team, in part because it cannot compete with private sector salaries.
Incorrect precedent led to wrong ground rent advice for 115 clients
A solicitor who gave 115 clients the wrong advice about the ground rent provisions in the leases of properties they were buying – because of an incorrect precedent – has been fined £15,000.
BSB steps up anti-bullying work but says Bar culture must change
The Bar Standards Board is to step up efforts to encourage more reporting of bullying and harassment but says ultimately the onus is on the Bar to change its culture.
“No appetite” among law firms for transparency quality mark
There is “no real appetite” among consumer law firms for an accreditation scheme or other recognition denoting the quality of their transparency, a report has found.
Profession backs SIF but SRA “can save £500k” with new scheme
The majority of respondents to the Solicitors Regulation Authority’s discussion paper on post-six-year run-off cover supported retaining the Solicitors Indemnity Fund, it has emerged.
City solicitor avoids jail after criminal contempt finding
A senior City partner who told a client to “burn” a private messaging app after it was served with a search order has avoided jail for criminal contempt of court, in part because of the impact on his career.
Pass rates – and racial disparities – steady in second sitting of SQE1
The results for the second sitting of SQE1 – part of the Solicitors Qualifying Examination – show the exact same pass rate as the first, and the continuing racial disparity.
SRA allows struck-off solicitor to join firm after opposing return to roll
The Solicitors Regulation Authority has allowed a struck-off solicitor to work for a law firm, having successfully opposed his bid to return to the roll earlier this year.
Solicitor had cannabis at courthouse to help with Covid anxiety
A solicitor caught with cannabis in a court building, which he said he had to calm his anxiety after the start of lockdown in 2020, has been censured for his misconduct.
Blog
Awaab’s Law phase 2: New hazards council tenants can now claim for
The conversation on housing disrepair is moving beyond damp and mould alone. With the rollout of phase 2 of Awaab’s Law, the scope of issues covered is expanding significantly,
Beyond PCP: Can regulators and lawyers work better together next time?
Nearly a decade after the Financial Conduct Authority began investigating the car finance industry, the story of the PCP commission scandal is still unfinished.
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.
