Compliance & Regulation

Two well-known law firms have accepted fines from the SRA – one for allowing its client account to be used as a banking facility and the other for holding disbursements in its office account.

A solicitor struck off for making false statements to the Mueller inquiry into alleged Russian involvement in the election of US president Donald Trump has received a presidential pardon.

It is likely that criminals launder “hundreds of millions” of pounds with the inadvertent aid of conveyancers across the UK, the government has warned. London litigation firms are also being targeted.

The High Court has rejected an appeal from a solicitor struck off for persuading a vulnerable client to pay £4,700 into her personal bank account.

The Solicitors Regulation Authority has failed in its bid to sell two properties to recoup £354,000 of the costs of intervening in a solicitor’s practice.

The Solicitors Regulation Authority will not appeal the High Court decision in the Ryan Beckwith case, stressing that the ruling was confined to its facts.

The Law Society of Scotland has criticised the Solicitors Regulation Authority’s call for the government not to exempt small law firms from paying the proposed economic crime levy.

A solicitor who allowed her struck-off partner to continue his involvement in their practice, and failed to obtain client consent before transferring matters to an unregulated firm, has been fined £2,000.

Small law firms should not be exempt from the economic crime levy the government wants to introduce to help tackle money laundering, the Solicitors Regulation Authority has said.

One of the leading figures in legal education has hailed the introduction next year of the SQE as a “revolution”, with another saying it will break down the barriers between academia and the profession.