Compliance & Regulation
Axiom Ince report: No law firm should go years without an SRA visit
Law firms should not go “many years” without receiving a visit from the Solicitors Regulation Authority, the Carson McDowell report for the Legal Services Board has recommended.
Criticism rains down on SRA but M&A controls spark worry too
Criticism of the Solicitors Regulation Authority poured in yesterday in the wake of the report into how it dealt with Axiom Ince, although the notion of more controls on M&A sparked concern.
SRA “should have done more” to prevent Axiom Ince, says LSB report
The SRA “did not take all the steps it could or should have taken” ahead of the collapse of Axiom Ince, the review commissioned by Legal Services Board declared today.
Fine for solicitor who sent “threatening” Covid letters to schools
A solicitor who sent “threatening” letters to at least 244 secondary schools, telling them they could be at risk of criminal or civil liability for implementing Covid measures, has been fined £2,500.
“Appalling” partner struck off for creating toxic workplace
A law firm’s co-owner has been struck off for “appalling conduct” that involved violence, bullying and harassment aimed at junior colleagues.
Law firm rebuked for not distributing estate after merger
A Surrey law firm that failed to deal with an estate it took on after merging with another practice has been rebuked by the Solicitors Regulation Authority.
Report: Trust in legal services high but more costs transparency needed
Most people have trust and confidence in legal services, but would like the Solicitors Regulation Authority to do more on their cost, major new research has found.
SRA: Timing of Post Office and Axiom Ince prosecutions uncertain
It is too early to say when prosecutions arising out of the Post Office scandal and Axiom Ince will occur, the chief executive of the Solicitors Regulation Authority said yesterday.
Tribunal budget to soar amid flood of prosecutions by SRA
The Solicitors Disciplinary Tribunal’s budget is set to soar by a quarter next year in response to a surge in cases referred by the Solicitors Regulation Authority.
Suspended prison sentence for unregulated immigration adviser
A man convicted of three counts of providing unregulated immigration advice and services has been handed a suspended prison sentence.
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
