Compliance & Regulation
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.
MP: SRA needs to be empowered to crack down on lawfare
There is a “clear consensus” in Parliament that the SRA must “feel empowered” to crack down on instances of ‘lawfare’, an MP said yesterday.
High-profile conveyancer “transferring shares” post-disqualification
Lloyd Davies, the high-profile licensed conveyancer who has been permanently disqualified, is now in the process of transferring his shares in his firm, it has confirmed.
Campaigners call for single supervisor of legal sector’s AML activities
Only a single body policing anti-money laundering supervision across the UK legal sector will deliver “the step change in effectiveness that is needed”, a campaign group has argued.
LSB tells regulators to improve lawyers’ ethical standards
New requirements on legal regulators to strengthen ethical standards from the start of lawyers’ careers have been proposed today.
Barrister who harassed woman at party suspended for three months
A male barrister who harassed a woman at his chambers’ Christmas party both physically and verbally has been suspended from practice for three months.
City solicitors hit out at SRA’s “instinct to overregulate”
The SRA’s plans to reform consumer protection arrangements demonstrate its instinct to “overregulate” the profession, City solicitors have claimed.
High-profile conveyancer disqualified for misleading 300 students
A high-profile licensed conveyancer has been thrown out of the profession for not telling 300 apprentices and students that his training academy had lost its official accreditation.
Blog
Client accounts: Opportunity, obligation and the risks in between
The profitability gap between well-run firms and the rest is not primarily a function of size, location or practice area – it is a function of financial management.
Motor finance – the FCA is more worried about banks than consumers
The Financial Conduct Authority’s motor finance redress scheme announced last week amounts to one of the largest ever consumer failures by the regulator.
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
