Compliance & Regulation
“Manifestly incompetent” solicitor suspended over running of firm
A sole practitioner who was dismissed as a consultant after selling their firm has been suspended for three months by the Solicitors Disciplinary Tribunal.
Ex-Linklaters employee banned for “serious sexual misconduct”
A former employee of Linklaters has been made subject to controls on his future employment in the profession over “serious sexual misconduct” targeted at a junior colleague.
Investigation raises doubts about rigour of Law Society’s CQS
Seven in 10 law firms fined for anti-money laundering breaches in recent months have Conveyancing Quality Scheme accreditation, raising serious questions about how it is checked and enforced.
Court protects solicitor deputies asked to pay off drug debt
The High Court has ordered two solicitors acting as deputies for a man in his 20s not to pay off a £17,000 debt he owes drug dealers.
APIL urges regulators to act over “scattergun” dishonesty claims
Abuse of the fundamental dishonesty rules by some defendants in personal injury cases is likely to escalate if regulators do not address the issue, according to APIL.
Law firm slapped with £80,000 fine for AML breaches
A London law firm has been fined nearly £80,000 by the Solicitors Regulation Authority for failures to comply with the anti-money laundering rules, one of the largest to date.
Still no timeline for ABSs in Scotland despite new law
The Law Society of Scotland has declined to confirm when it will introduce alternative business structures now that all ownership restrictions on them have been removed.
No “generalised” ethical failure among solicitors, insists Law Society
High-profile scandals like the Post Office are “not indicative of a generalised failure of ethical standards within the profession”, the Law Society has insisted.
CJC calls for “urgent” government review of SSB-style funding
The government needs to urgently investigate the type of litigation funding used by collapsed law firms like SSB Law and Pure Legal, the Civil Justice Council said yesterday.
City partner “erroneously” paid out £2.2m to developer client
A partner at DWF has been fined £14,000 for wrongly approving £2.2m in payments to a developer which later went bust, leaving the firm to recompense out-of-pocket buyers.
Blog
The importance of benchmarking reports – and lessons on profitability
Regional firms reported the largest revenue growth this year (12%), outpacing their City counterparts. Yet many are not converting that growth into profitability.
Fixed recoverable costs: Sacrificing justice for predictability?
The extended fixed recoverable costs regime is failing to achieve its stated objectives. Instead of promoting fairness and efficiency, the rules are creating anomalies that undermine justice.
Expectations keep rising, so prioritise client experience
Law firms are facing growing pressure to place greater focus on client experience or risk falling behind in an increasingly competitive legal market.
