Compliance & Regulation
Solicitor suspended for “complete dereliction of duty”
A solicitor who held nearly 1,500 historical client balances and whose failure to remedy accounts rule breaches was described as a “complete dereliction of duty”, has been suspended for two years.
Supreme Court lays out “new legal roadmap” for professional negligence
The Supreme Court has provided a “wholly new legal roadmap” for professional negligence after its ruling last week in two linked cases, the Professional Negligence Lawyers Association has said.
Review to probe impact of Post Office scandal on lawyer regulation
A probe into the lessons of the Post Office scandal for corporate governance, criminal justice and lawyer regulation has been launched and will push regulators to effect change.
SRA to follow FCA on capping claims management fees
The SRA is to follow the approach of the Financial Conduct Authority when capping the fees law firms charge for financial services claims management work – and will leave personal injury work alone for now.
£10m paid out last year to victims of solicitors’ dishonesty
The SRA Compensation Fund paid out more than £10m to the victims of solicitors’ financial dishonesty last year, a 37% increase on the previous 12 months, new figures have shown.
Gateley suffers loss of client data in cyber-attack
Client data has been stolen from Gateley in a cyber-attack, the listed law firm has revealed. The firm said it was “confident that the incident has been confined to a very small part of its data store”.
No duty on law firm to investigate client’s struck-off solicitor agent
A law firm was not under a duty to investigate a client’s agent in a property sale, who turned out to be a struck-off solicitor jailed for theft, the High Court has ruled.
SRA formally begins life as a separate corporate entity
The board of trustees and directors of Solicitors Regulation Authority Ltd met for the first time last week after agreeing the transfer of £9m in assets to the new company from the Law Society.
Ban for law firm revenue controller who diverted payments to own bank account
A law firm revenue controller given a suspended jail sentence after diverting £32,000 in payments meant for suppliers to his own bank account has been banned from working in the profession.
Solicitors fined for allowing firm to take on work beyond expertise
Two solicitors have been fined for allowing their firm to take on work in areas where they had no experience and accepting client money when it did not have a client account.
Blog
It’s time for law firms to ask tougher questions
For years, many law firms have treated ID verification as a box-ticking exercise. Run a liveness check, match a face to a document and move on. But that is no longer good enough.
Business fatigue to AI will risk job security
Whilst we know professional learning has always been part of career paths, to hire, retain and keep talent, AI needs to be embedded as a core part of this training.
On good authority? GenAI and the reputational risks to law firms
As GenAI’s influence grows, so do the risks which are already playing out in courtrooms across England and Wales, where some early adopters are setting precedents they would rather not.
