Compliance & Regulation

The Solicitors Disciplinary Tribunal has dismissed allegations of misconduct against two high-profile solicitors over their handling of volume financial mis-selling claims.

Two leading employment law silks have clashed over the new, proactive equality duty proposed by the Bar Standards Board, disagreeing on how much of an impact it will have on barristers.

A tribunal has rejected an appeal from an immigration adviser and firm whose registration was cancelled for breaches of the OISC code that were “as extensive as they were serious”.

A solicitor who “abandoned” his law firm, leaving his office “in a chaotic state” with piles of letters thrown away as a fire hazard by neighbouring tenant, has been struck off.

A poll of law firms has found almost complete opposition to the Solicitors Regulation Authority’s idea of preventing them from holding client money.

A solicitor who acted for lenders in conveyancing transactions without telling them he was also acting for himself and family members has been fined £12,500.

The Solicitors Disciplinary Tribunal has fined a law firm over £20,000 for failing to comply with the SRA’s transparency rules and requirements to have a COLP and COFA.

City law firm Kingsley Napley has launched a strategic regulatory advice service for private equity firms and other investors eyeing up the UK and international legal market.

The SRA will ask next week whether it is ever right for solicitors to retain interest received on client account money, saying it is worried that some firms rely on it to stay solvent.

The leaders of the SRA yesterday refused to apologise to the profession about the Axiom Ince collapse as they dismissed the report criticising its actions as just opinion.