Compliance & Regulation
Solicitor who worked for three firms at same time struck off
A locum solicitor whose timesheets claimed for the same time from two different firms – while employed full-time at a third – has been struck off.
Law firms “must tell clients how to complain at end of cases”
Law firms must tell their clients how to complain at the end, as well as the beginning, of their cases, under new rules proposed by the Solicitors Regulation Authority.
Property lawyers attack “punitive” AML fining regime
The “punitive” fining regime for anti-money laundering rule breaches operated by the Solicitors Regulation Authority has left lawyers feeling “fearful”.
Court quashes part of LeO’s £51,000 award against law firm
The Legal Ombudsman was wrong to find that a law firm failed to adequately assess a client’s capacity and should pay her £15,700 in compensation, the High Court has ruled.
Barristers “should tell chambers and regulator” about complaints
Barristers will be required to inform both their chambers and their regulator about the complaints they receive, under plans published yesterday by the Bar Standards Board.
LSB lays out actions for SRA to avoid another Axiom Ince
The Solicitors Regulation Authority has been given statutory directions to address the multiple failures in its oversight of Axiom Ince.
Law firm fined £120,000 for 15 years of AML failures
A Southend law firm that failed to comply with anti-money laundering rules for more than 15 years has been fined £120,000 by the Solicitors Disciplinary Tribunal.
Solicitor struck off for allowing use of closed firm’s client account
A solicitor who allowed his firm’s client account to facilitate a suspicious £1.1m property transaction 20 months after it had closed has been struck off.
Bar regulator drops plan for controversial new equality duty
The Bar Standards Board has ditched its controversial proposal to require barristers to “act in a way that advances equality, diversity and inclusion”.
‘TikTok’ lawyer faces money laundering charges
A high-profile Birmingham solicitor, dubbed the ‘TikTok lawyer’ for his activity on the social media network, has been charged with money laundering offences.
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.
