Compliance & Regulation
Partners saw £100m pass through client account from car park scheme
Two partners who saw more than £100m pass through their firm’s client account for a car parking and storage pod investment scheme have been fined for misconduct.
Investment schemes causing “huge number” of claims
Dubious investment schemes involving solicitors are becoming “far more sophisticated” and leading to a “huge number of claims” on the Compensation Fund, the SRA has warned.
‘Upskirting’ Brexit barrister banned for six months
A senior government barrister, who was one of the first people convicted of ‘upskirting’, has been banned from returning to practice for six months after he completes his sentence.
Quality of AML reports from solicitors “getting worse”
The quality of one of the two main kinds of anti-money laundering reports made by solicitors has got significantly worse, a senior manager at the National Crime Agency said yesterday.
Commercial property solicitor’s “outrageous failure” leads to strike-off
A solicitor whose conduct of several property transactions has triggered multi-million-pound negligence claims against his former firm has now been struck off.
PII market “only getting harder” after 17% premium increase
The market for professional indemnity insurance is likely to continue to worsen but future premium rises should not be at the average of 17% seen this autumn, a leading broker has predicted.
Solicitor ordered to repay small part of legal aid fraud proceeds
A solicitor and her partner who defrauded a law firm and the Legal Aid Agency of almost £95,000 in a translation scam will have to repay just £5,584, a court decided last week.
Solicitor “proud” to have run £3.4m loan scheme with client cash
A solicitor who loaned £3.4m from clients’ estates and private lenders to other clients and “known individuals” – a broking operation he had carried out for decades – has been struck off.
High Court overturns “flawed” SDT decision to clear solicitor
The Solicitors Disciplinary Tribunal “fell into serious error” in finding no case to answer against a solicitor accused of making a fraudulent costs claim, the High Court has ruled.
“Reckless” conveyancer agrees to leave profession
A “reckless” solicitor who admitted registering properties with the wrong purchase price and failing to carry out anti-money laundering checks has agreed to leave the profession.
Blog
How unstoppable AI is reshaping UK legal practice
At a time when most technology innovation still flows from the US and China, UK lawtech is attracting growing international attention and capital.
Modern vehicles: new injury profiles and new legal challenges
As the number of electric vehicles on UK roads continues to grow year-on-year, it is important to address the risks that come with their increased adoption.
The SRA needs to admit it got it wrong about SLAPPs
The High Court judgment in Ashley Hurst v SRA in January raises serious questions about the regulator’s approach to allegations of SLAPP-like behaviour.
