Compliance & Regulation
PM Law clients receiving files and emergency payments
The Solicitors Regulation Authority has begun making emergency payments to clients of collapsed law firm PM Law, it revealed yesterday.
Veteran solicitor who misled mortgage provider struck off
A solicitor’s 50-year legal career has ended with being struck off after he misled a mortgage lender about when completion on a conveyancing transaction had taken place.
Strike-off for advocate who lied about arriving after court hearing
A self-employed advocate who lied in an attendance note about a court hearing in an attempt to cover up the fact he had missed it, has been struck off.
Legal Ombudsman receives record number of complaints
The rising tide of complaints to the Legal Ombudsman continues to accelerate, with 37% more in the last quarter of 2025 compared to a year earlier and the most in a quarter ever.
Justice system “should not be funded by client money”
The justice system is a core public service that should not be funded “through the appropriation of client money” by an Interest on Lawyers’ Client Account scheme, the Law Society has said.
ILCA schemes “work really efficiently around the world”
Interest on Lawyers’ Client Account schemes “work really efficiently” in 77 jurisdictions around the world, MPs were told yesterday.
Legal Services Board faces first review in nine years
The Ministry of Justice yesterday announced a long-awaited review of the Legal Services Board – the first of the oversight regulator since 2017.
Two law firm workers banned from profession after theft convictions
Two women who were separately convicted of theft from the law firms where they worked have been banned from the profession.
Barrister disbarred over bid to avoid paying chambers rent
A barrister who misled a client into thinking he was working through chambers when he was not – so as to avoid paying rent on the income – has been disbarred.
ILCA: Law firms will look to hold money outside of client accounts
An Interest on Lawyers’ Client Account scheme will likely push law firms to hold more client money outside of a client account, to the detriment of consumer protection.
Blog
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.
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
