Compliance & Regulation
Legal regulators unhappy at loss of AML role to FCA
Regulation by the Financial Conduct Authority for anti-money laundering will feel “very different” for law firms, the Solicitors Regulation Authority’s chief executive has predicted.
Philip: I thought about resigning in wake of SSB report
The chief executive of the Solicitors Regulation Authority said yesterday that he did consider resigning in the wake of the report on SSB Law but decided that “it wasn’t the right thing”.
Mazur “the inadvertent result” of Legal Services Act drafting
The Mazur ruling likely came about because the Legal Services Act 2007 inadvertently failed to codify what had been custom in the legal profession for a long time, two experts have argued.
FCA to take over anti-money laundering supervision of all lawyers
The Financial Conduct Authority is to take over responsibility for supervising lawyers’ anti-money laundering activities, the government announced today.
“Cowardly” solicitor lied to client about claim for over 10 years
A self-confessed “cowardly” solicitor who lied to a client for more than 10 years after her medical negligence claim was thrown out has been struck off.
“Decisive reform” needed to restore public trust after SSB scandal
The collapse of SSB Law and the SRA’s failures in supervising it demand “decisive reform” to restore public confidence, the Legal Services Consumer Panel has warned.
SSB: SRA under pressure from profession and victims
Accountability for the Solicitors Regulation Authority’s failures in its supervision of SSB Law “must go further”, the group representing its former clients has said.
Struck-off solicitor now jailed for £400,000 theft from two law firms
A struck-off solicitor and former deputy district judge who defrauded his clients at two law firms of nearly £400,000 over the course of 17 years has been jailed for four years.
“We messed up” – apologetic SRA to be censured for SSB failures
The Solicitors Regulation Authority has apologised for failures in its oversight of SSB Law and is set to be censured for them by the Legal Services Board.
SSB report: What went wrong and how to avoid a repeat
We summarise the key findings of the Carson McDowell report into the SRA’s handling of SSB and the recommendations it makes to avoid a repeat.
Blog
The trade-off mid-sized firm partners think they’re making
Most of the partners I talk to describe the same tension. They want the firm to run efficiently and hit its numbers, but they also want their people to feel supported, developed and fairly treated.
Communication as the core of client care in conveyancing
How a conveyancer approaches client care – particularly in relation to communication – can be the greatest differentiator for the success of a conveyancing firm.
Why brilliant lawyers sometimes fail
A question that often strikes a chord with partners in law firms is this: why is it that individuals who excel in one role sometimes struggle when promoted into another?
Reports
Associates
