Compliance & Regulation
Consultancy for law firms and investors spins out of City practice
A specialist strategic consultancy advising lawyers, investors and regulators has spun out of a City law firm as demand for help in navigating the legal market grows.
Law firms disagree on what should be considered a complaint
Law firms are divided over what should be regarded as a complaint from clients, a survey by the Solicitors Regulation Authority has found.
Judge slashes law firm’s costs because of Mazur
A regional costs judge has described how he applied the ruling in Mazur to cut the costs awarded to a law firm in a housing possession case from £3,000 to less than £500.
Pioneering AI law firm untroubled by impact of Mazur
The Mazur ruling will have no impact on the work of the first regulated AI law firm as the technology is not conducting litigation, its founder has asserted.
SSB Law victims pile pressure on SRA over other volume claims firms
The collapse of SSB Law was not a one-off and a wider review of the SRA’s handling of volume claims firms is needed, victims of the scandal have argued.
Law firm boss struck off for using client money to pay debts
A law firm owner who used client money to shore up his firm and pay personal debts in the face of cash flow problems has been struck off.
Give facts not suspicions when whistleblowing, in-house lawyers told
In-house lawyers considering whistleblowing have been advised by the Law Society to “disclose specific information with factual content, not suspicions or unfounded allegations”.
SDT distinguishes its definition of dishonesty from the court’s
A solicitor found to have been fundamentally dishonest in a personal injury claim has been cleared of dishonesty by the Solicitors Disciplinary Tribunal.
Is AML move the first step towards single legal regulator?
The government’s decision to rationalise the oversight of AML supervision could be a precursor to the entirety of legal regulation, a leading practitioner has suggested.
KC: Regulators should promise no action over pre-Mazur breaches
Regulators should assure non-authorised people who may have inadvertently conducted litigation as found by Mazur that they will not face criminal prosecution or disciplinary action.
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.
