Compliance & Regulation
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.
Accountancy body can finally exit legal services regulation
The Legal Services Board has granted permission for the Association of Chartered Certified Accountants to formally pull out of probate regulation, having refused it in January.
Unregulated providers growing share of consumer and SME markets
The unregulated sector may account for up to 9% of the total market for individuals’ legal needs and up to 39% for small businesses, Legal Services Board research has indicated.
Call to beef up rules on discrimination and harassment by barristers
The rules against discrimination and harassment by barristers need to be strengthened by removing the requirement that the actions be unlawful, two QCs have argued.
Axiom Law enters regulation for first time with US ABS
Leading alternative legal services provider Axiom Law has moved into regulated services for the first time after being granted an ABS licence in the US state of Arizona.
Judge calls for guidance on rights of unqualified agency advocates
County court judges would benefit from “more authoritative guidance” from the higher courts on whether unqualified solicitor’s agents have rights of audience, a circuit judge has said.
Partner fined after charitable trusts used client account as bank
A charity law specialist who allowed two charitable trusts to use his firm’s client account as a banking facility has been fined £2,000 by the Solicitors Regulation Authority.
Regulators must tackle “out-of-date” lawyers, LSB says
Regulators must take action to ensure that lawyers are not operating with “out-of-date” skills or knowledge, the Legal Services Board has said.
FCA toughens up new claims management company ‘phoenixing’ ban
The Financial Conduct Authority is going ahead with a tougher version of a ban on ‘phoenixing’ by financial services claims management companies, which will come into force next month.
Blog
The SRA needs to admit it got it wrong about SLAPPs
The High Court judgment in Ashley Hurst v SRA in January raises serious questions about the regulator’s approach to allegations of SLAPP-like behaviour.
Why menopause support belongs on every law firm’s agenda
Progression in the law slows significantly as women approach senior leadership. Most will be at the height of their careers around the average age menopause symptoms begin.
Law firms need to go beyond document checks
At the root of every failed compliance review is a familiar phrase: a calm assertion of “but we did a document check”.
