Compliance & Regulation
Reduce AML officers’ billable targets, regulator tells firms
Firms should relieve lawyers who hold their anti-money laundering compliance roles of some of their fee-earning workload and consider appointing deputies too, the SRA has said.
SRA and Law Society clash again over scrapping Solicitors Indemnity Fund
The Law Society has strongly attacked plans unveiled yesterday by the Solicitors Regulation Authority to scrap the Solicitors Indemnity Fund, which provides cover for post-run-off negligence claims.
Compensation fund pays out £600,000 to clients of dishonest solicitor
A solicitor whose misconduct has led to the SRA Compensation Fund paying out nearly £600,000 to his former conveyancing clients has been struck off.
Solicitor suspended for “dumping” hours on file to meet billing targets
A solicitor who “dumped” hundreds of hours of unjustified time on a largely completed file in a bid to meet his billing targets has been suspended for nine months.
Solicitor struck off for lying in job interview about previous sacking
An experienced solicitor who told a prospective employer that she was still in work, when in fact her former firm had sacked her several months earlier, has been struck off.
SRA tries again to increase fining powers – this time to £25,000
The Solicitors Regulation Authority has launched its latest effort to expand its fining powers, this time looking to increase the current £2,000 maximum to £25,000.
Law firm closures fall during Covid but support scheme abuses emerge
Law firm closures and interventions have fallen during the pandemic, but it has had negative effects too, such as abuse of government funding schemes, the Solicitors Regulation Authority has revealed.
Solicitors rebuked for frying pan attack and non-disclosure agreement
A solicitor who hit a person around the head with a frying pan, and another who tried to use a settlement agreement to prevent disclosures to HMRC, have been rebuked.
Lawyer faces jail for contempt after failing to hand over files to SRA
A lawyer who failed to comply with court orders to hand over his firm’s files to the Solicitors Regulation Authority is facing possible jail time after being found in contempt.
Regulator presses Simplify to help clients change conveyancer
The Council for Licensed Conveyancers is pressing the Simplify group to reach a position where it can provide its files to clients who wish to change lawyer following the recent cyber-attack.
Blog
The new metrics for success in conveyancing
While technology has made much of the conveyancing process faster, there remains a practical limit to how many matters anyone can manage while still keeping standards intact.
The UK legal market is polarising – and the middle is disappearing
Consolidation and the boutique boom are not contradictory. They are the same market stretching apart at both ends – and it changes what your firm is worth, and to whom.
Conveyancing’s consistency problem is about pressure, not skills
When I qualified, a conveyancer had perhaps 10 or 12 plates to keep spinning. Today’s conveyancers have 20 or 30, and almost none of the room for error I had starting out.
Reports
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