Compliance & Regulation
BSB to use ‘marginalised by race’ as way to describe minority groups
The Bar Standards Board is to encourage those it regulates to use terms like ‘racially minoritised’ and ‘marginalised by race’ if they have to use collective language to describe ethnicity.
SRA to replace Solicitors Indemnity Fund with in-house scheme
The Solicitors Regulation Authority is to replace the Solicitors Indemnity Fund next September with new indemnity arrangements that it will run itself.
SRA: Sudden spike in number of law firms facing financial difficulties
There has been a sudden spike in the number of law firms of all sizes reporting to the Solicitors Regulation Authority that they are facing financial problems, it has emerged.
Unbundling has potential to improve access to justice – and clients
Unbundling has the potential to increase access to justice and help firms attract new clients, but awareness among lawyers and consumers is low, research by the SRA has found.
LawCare urges SRA to consider wellbeing of those facing disciplinary action
The SRA needs to have “far greater regard” for the wellbeing of those facing disciplinary action when deciding what to publish about them, LawCare has argued.
Barrister reprimanded for “offensive” tweets aimed at colleague
A barrister has been reprimanded for allowing a Twitter account with which he was associated to send “inappropriate and offensive” tweets to a colleague at the same chambers.
A fifth of female solicitors promoted after maternity leave
A fifth of female solicitors were promoted into a new role by their law firms during or after maternity leave, but a similar proportion “felt unwelcome” on their return, a major study has found.
SFO decides on retrial for Axiom defendant who split jury
A financial adviser alleged to have been part of the Axiom Legal Financing Fund fraud is to face a retrial after a jury last month failed to reach a verdict, the Serious Fraud Office has decided.
Law firm fined for failing to recognise conflict that arose in probate case
A law firm has been fined after failing to recognise that a conflict of interest had arisen in acting for both an estate and its personal representative after he made a claim on the estate.
Replacing SIF with compensation fund would be “unlawful”
It would be unlawful for the Solicitors Regulation Authority to replace the Solicitors Indemnity Fund with some form of compensation fund, a leading expert has argued.
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.
