Compliance & Regulation
Accountants set to start administering oaths
Chartered accountants are finally to get the right to conduct the reserved legal activity of administering oaths, six years after their regulator gained the power to grant it.
Reynolds corrects official record over calling himself a solicitor
Business secretary Jonathan Reynolds has officially corrected the House of Commons record for describing himself as a solicitor, amid continuing jabs from the Conservatives.
London office of top US firm fined £300k for AML failures
A leading US law firm has been fined £300,000 for failing to have anti-money laundering risk assessments and procedures in place in its London office.
Lawyers worried by over-reliance on SRA discretion post Dentons
Specialist regulatory lawyers have expressed concern that the High Court ruling in the Dentons case places too much reliance on the SRA’s view of the seriousness of rule breaches.
CLC deprecates “apology” by disqualified conveyancer
Disqualified licensed conveyancer Lloyd Davies did not “accurately” reflect the agreed facts of his case in his public statement about it, his regulator said yesterday in an unusual move.
Court: Solicitors’ breaches of AML rules “strict liability offences”
Breaches of AML rules are effectively strict liability offences and the SRA does not need to show severity to prove misconduct, the High Court ruled yesterday.
“Clear evidence” that solicitor apprenticeships aid social mobility
There is now “clear evidence” that solicitor apprenticeships are facilitating social mobility, analysis by the Solicitors Regulation Authority has shown.
SRA’s Philip says retirement plan predated Axiom Ince
The retirement of SRA chief executive Paul Philip has nothing to do with the Axiom Ince scandal, he has emphasised. Meanwhile, the chair of the BSB is stepping down too.
Solicitor cannot base victimisation claim on firm’s report to SRA
A solicitor cannot base a victimisation claim against her law firm at the employment tribunal on it reporting her to the Solicitors Regulation Authority, a judge has ruled.
Firm and two partners fined £50k for offering banking facility
A law firm and two of its partners have been fined nearly £50,000 between them for allowing two wealthy clients to use its client account as a banking facility.
Blog
Whistleblowing guidance for in-house lawyers – a call to arms
In-house lawyers are in a unique position to spot wrongdoing. But reporting it is not just potentially dangerous from a personal point of view.
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.
