Compliance & Regulation

What went wrong with the Solicitors Regulation Authority’s supervision of Axiom Ince is “in many respects… history for us”, the regulator’s chair told the profession today.

The Solicitors Regulation Authority has imposed conditions on the practice of SSB Group co-founder Jeremy Brooke while it continues its probe into what went wrong.

A solicitor who allowed an unadmitted “friend” to run a law firm of which he was nominee director and shareholder, has been suspended for two years.

Many law firms treat anti-money laundering training as a “tick-box exercise”, the Solicitors Regulation Authority has found.

Only 22% of law firms checked by the Solicitors Regulation Authority for their approach to anti-money laundering in the past year were fully compliant with the rules.

A newly qualified solicitor who lost her job for falsifying progress on a matter and then did not tell her new employer why she had moved on, has been struck off.

Groundbreaking research has contradicted the views of academics and solicitors that bias amongst clients in part explains why BAME solicitors are overrepresented in reports to the SRA.

The Solicitors Regulation Authority has banned two former employees of Axiom Ince from working in the profession in future without its permission.

The Legal Ombudsman has proposed a 10.2% increase in its budget, or £1.8m, as it struggles to bring down the longstanding backlog of complaints.

The review of the Solicitors Regulation Authority’s handling of Axiom Ince shows it missed an opportunity to uncover the fraud a year before it eventually shut the firm down.