Compliance & Regulation
Paralegal rebuked for misleading client over Land Registry matter
A paralegal who misled a client about the progress of their matter as she sought to clear up a problem she inherited on a file has been rebuked by the SRA.
Law firm compliance officer fined for accounts rules failures
A solicitor who allowed his law firm to flout the accounts rules while a director and compliance officer has been fined by the Solicitors Regulation Authority.
SRA: Convictions highlight Chinese ‘underground banking’ danger
The sentencing of seven people involved in a money laundering network via Chinese underground banking is a valuable reminder to solicitors of its risks, the SRA has said.
LSB puts SRA Compensation Fund fee increases on hold
Approval of the SRA’s application for the level of Compensation Fund contributions – which are set to soar this year – has been delayed for the first time ever, Legal Futures can report.
Fine for solicitor who acted on both sides of property deal
A partner who acted for both sides of a property transaction where there was a conflict of interest has been fined by the Solicitors Regulation Authority.
Tribunal criticises BSB for prosecuting “sleeping” barrister
A disciplinary tribunal has sharply criticised the Bar Standards Board for how it approached the prosecution of a barrister who struggled to stay awake during an inquest.
Police seek struck-off ‘dine and dash’ solicitor for skipping bail
Police want to speak to a solicitor struck off earlier this year over convictions for two ‘dine and dash’ incidents after she failed to answer bail over more allegations.
SRA closes down four law firms in two days
The Solicitors Regulation Authority has closed down four law firms this week, two of which were both consumer claim practices in Liverpool.
Vexatious ex-solicitor cannot start litigating again, High Court says
The High Court has refused to allow a struck-off solicitor to reopen vexatious litigation against the Law Society, Bar Council, senior judges, lawyers and many others.
Law firms “cheating” clients out of interest on their money
Law firms are could have made as much as £1.3bn in interest on client money in 2022/23, it has been claimed amid scrutiny of what they pass on to clients.
Blog
The formula for finance-enabled business development
Client concentration or over-dependence now counts as a top strategic risk for 26% of firms. Cross-selling is an antidote – a way to bolster revenue resilience without relying on client acquisition.
Whistleblowing guidance for in-house lawyers – a call to arms
In-house lawyers are in a unique position to spot wrongdoing. But reporting it is not just potentially dangerous from a personal point of view.
The importance of benchmarking reports – and lessons on profitability
Regional firms reported the largest revenue growth this year (12%), outpacing their City counterparts. Yet many are not converting that growth into profitability.
