Compliance & Regulation

The executive director of supervision at the Financial Reporting Council has today been named as the new chief executive of the Solicitors Regulation Authority.

The structure of regulation established by the Legal Services Act 2007 “does not work well”, the outgoing chair of the Bar Standards Board declared last night.

A solicitor has been handed a suspended prison sentence for making false claims of damage to his car from potholes.

Work to agree a definition of unbundled legal services with professional indemnity insurers is close to completion as part of efforts to make unbundling easier for solicitors.

The increasing number of sexual misconduct cases being handled by the SRA and SDT is fuelling a rise in anonymity requests, regulatory lawyers have said.

The London office of a US law firm has been rebuked for breaching the conditions of a Treasury licence to act for sanctioned Russian clients.

A solicitor who changed the terms of a lasting power of attorney and the date on a cheque without the client’s consent did not act dishonestly, the SDT has ruled.

A solicitor who diverted some of his client’s damages to a rehabilitation company connected to his wife – and created fake invoices that said it had treated the client – has been struck off.

A male solicitor caught up in a ‘work hard, play hard’ culture at the London office of a US law firm has been suspended for a year for two instances of sexually touching female colleagues.

Tech adoption by small law firms is being held back by cost, uncertainty and a reluctance to invest in systems that quickly become outdated or non-compliant, according to SRA research.