Compliance & Regulation
Law firms “not being held to account for toxic cultures”
Law firms are not being held to account for “toxic” work cultures, particularly where there is a lot of pressure on young lawyers, a leading expert on regulation has said.
Solicitor misled hundreds into investing £19m in failed claims scheme
A solicitor who misled hundreds of investors and attracted £19m to bring claims for miscalculated mortgage payments – none of which succeeded – has been struck off.
Owners of closed law firms told: Find extra run-off cover – if you can
Owners of law firms that closed down in the last 20 years have been warned that they face a difficult task in finding insurance to replace the automatic supplementary run-off cover that ends later this year.
“I totally cracked” – law firm founder struck off for client money theft
The founder of new-model law firm Cubism Law has explained how he “totally cracked” under the pressure of its financial problems, leading him to dishonestly misappropriate client funds.
SDT: Drink-drive solicitor did not automatically undermine public trust
A solicitor convicted of drink-driving after a motorbike accident did not automatically undermine public trust in the profession, the Solicitors Disciplinary Tribunal has ruled.
Profession has struggled with AML rules, says firm fined £10,000
A Surrey law firm has been fined £10,000 for breaches of the anti-money laundering rules in its training, approach to risk assessment and in a conveyancing transaction which produced £850 in fees.
Solicitor struck off for “sophisticated” Land Registry fraud
A solicitor jailed for more than three years for forging Land Registry documents in a family dispute with the owners of a Newcastle takeaway has been struck off.
SRA bid to cut Compensation Fund payout cap facing rejection
Controversial Solicitors Regulation Authority plans to cut the maximum award from its Compensation Fund from £2m to £500,000 are facing rejection by the Legal Services Board.
SRA backs new cyber-losses clause for indemnity policies
The extent to which losses caused by cyber attacks are covered by law firms’ professional indemnity insurance policies is to be clarified by the Solicitors Regulation Authority.
Fine for solicitor who acted on both sides in “undue influence” house sale
A solicitor acted for both sides in a house sale at an undervalue between a 78-year-old woman and her 34-year-old boyfriend, which was set aside by the High Court on the grounds of undue influence.
Blog
Reorientation in the AI era must begin with the client
Much of the discussion about AI in the legal industry focuses on technology: which tools to adopt and which tasks might get automated. But this misses the deeper story.
Awaab’s Law phase 2: New hazards council tenants can now claim for
The conversation on housing disrepair is moving beyond damp and mould alone. With the rollout of phase 2 of Awaab’s Law, the scope of issues covered is expanding significantly,
Beyond PCP: Can regulators and lawyers work better together next time?
Nearly a decade after the Financial Conduct Authority began investigating the car finance industry, the story of the PCP commission scandal is still unfinished.
