Compliance & Regulation
SRA gives SQE1 candidates extra six seconds per question
There are to be fewer questions in the SQE, the Solicitors Regulation Authority has announced – giving candidates an extra six seconds per question.
“We’re listening” insists SRA amid more questions over COLP/COFA reform
A group of conveyancers has thrown its weight behind calls for the SRA to set out the evidence justifying its changes to the COLP/COFA rules.
SRA “adding to confusion” around COLP/COFA changes
The Solicitors Regulation Authority is only adding to the confusion as it changes the rules on who can be compliance officers, its former head of legal has said.
Solicitor fined £20k but avoids SDT for multiple rule breaches
A solicitor responsible for multiple rule breaches – including a shortage in client account – has been fined £20,150 by the Solicitors Regulation Authority.
FCA to start taking on AML oversight from 2028
The Financial Conduct Authority expects to start overseeing the anti-money laundering efforts of some lawyers “before the end of 2028”, the government has said.
Small firms join forces to step up compliance officer campaign
Small and medium-sized law firms opposed to rule changes on who can hold compliance officer rules have banded together to lobby both the SRA and Law Society.
Sham marriages solicitor fails in bid to return to profession
A solicitor struck off in 2019 after being recorded by an undercover reporter advising on a sham marriage has failed in a bid to return to the profession.
Veteran solicitor let hand-written accounts fall into chaos
A veteran solicitor who let his firm’s accounts fall into chaos, causing the SRA Compensation Fund to pay out £400,000 to his former clients, has been suspended from practice.
Law firm fined £16k for not complying with rules around PEPs
A law firm that did not have the processes in place to cope with acting for a politically exposed person on multiple property transactions has been fined £16,100.
Lawyer struck off for using fake AI-generated cases before SDT
A registered foreign lawyer who used misleading AI-generated quotes and citations in defending a Solicitors Disciplinary Tribunal case against him has been struck off.
Blog
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Information isn’t oversight – lessons from the PM Law review
The PM Law review’s real findings perhaps point to a failure mode applying to any organisation sitting on scattered risk information.
Reports
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