Compliance & Regulation
Convicted conveyancer struck off for facilitiating mortgage fraud
A conveyancer who recklessly facilitated a mortgage fraud before being convicted of three money laundering offences and then failing to surrender to bail has been struck off.
Firm fined for secretly charging clients to repay loan
A law firm which surcharged more than 2,000 clients to help repay the loan it took out for a new case management system has been fined £30,000 by the Solicitors Regulation Authority.
High Court rejects challenge to foreign in-house lawyers’ privilege
Legal advice privilege extends to communications with foreign lawyers working in-house even if they are not recognised or regulated as “professional lawyers”, the High Court has ruled.
Solicitor used jailed client’s money to prop up firm
A criminal law solicitor who used money from a jailed client for an appeal to stabilise his firm’s “precarious financial position” has been struck off by the Solicitors Disciplinary Tribunal.
“Caring” solicitor undone by accounting system
A “passionate, caring and in many respects competent” solicitor, whose firm got into a financial mess in part because of the accounting software she used, has escaped removal from practice.
CMA unveils progress review of competition in legal market
The Competition and Markets Authority today announced a three-month review of the progress made in improving competition in the legal services sector for consumers and small businesses.
SRA fines leading firm for money laundering check failures
Well-known law firm Taylor Vinters has been fined by the Solicitors Regulation Authority for failing to undertake proper money laundering checks on millions of pounds paid into its client account.
Solicitor launches unregulated nanotech firm
A solicitor has launched what he believes is the first legal consultancy in the UK devoted entirely to nanotech firms, the latest to use the rules that allow solicitors to practise from unregulated firms.
“Extremely drunk” senior partner touched and kissed paralegal
The “extremely drunk” senior partner of a London law firm has been fined £10,000 for touching a paralegal on the bottom and kissing her on the neck while sitting next to her in a bar.
Gary Senior case: “An extraordinary abuse of position,” says SDT
The former managing partner of Baker McKenzie’s London office committed “an extraordinary abuse of position” by sexually harassing a junior fee-earner in his hotel room, the SDT has ruled.
Blog
The questions that determine if the SRA’s client money reforms will work
Both reforms respond to real and well-evidenced gaps in the current framework. The SRA’s changes after consultation feedback shows it’s listening. But structural change on paper is only half the job.
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.
Reports
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