Compliance & Regulation

Consumers are more comfortable with the idea of their money being held in third-party managed accounts than solicitors’ client accounts, research has suggested.

A solicitor prevented from being a law firm owner, partner or compliance officer for the last seven years has successfully applied to have the conditions on her practising certificate removed.

Proposed new guidance on how the legal regulators should meet their new statutory duty to deal with economic crime could lead to inconsistencies of approach.

A judge’s comments on the lack of recourse against an unregulated costs draftsman should focus minds on this hole in legal regulation, the Association of Costs Lawyers has argued.

The new, proactive equality duty proposed by the Bar Standards Board could lead to litigation with barristers and is unlawful, the Bar Council said yesterday.

The Legal Ombudsman was right to dismiss a complaint it thought better suited to be determined in court, a judge has ruled.

A solicitor who used his firm’s client account as a personal banking facility did not need to admit that he had damaged public trust, the Solicitors Disciplinary Tribunal has held.

Lawyers seem to have forgotten that the public interest trumps the client interest and this needs to change, Professor Stephen Mayson has argued.

A barrister who a court found had been fundamentally dishonest in making a personal injury claim has been disbarred.

Major changes to the way law firms hold client money, including not retaining interest and restricting the collection of fees in advance, were proposed yesterday by the SRA.