Compliance & Regulation
Lawyers and CMCs face £250 fee to complain to Financial Ombudsman
Lawyers and claims management companies making volume complaints to the Financial Ombudsman Service on behalf of clients will be charged £250 per case, it has proposed.
Khan faces second jail term after losing appeal against contempt ruling
The Court of Appeal has rejected former solicitor Sophie Khan’s bid to overturn a contempt of court ruling sought by the SRA that will see her head to jail for a second time.
Electoral Commission director named LSB chief executive
The director of communications, policy and research at the Electoral Commission is to become the new chief executive of the Legal Services Board.
Cost of regulation would “drop like a stone” with no client account
The cost of regulation would “drop like a stone” if solicitors were not allowed to hold client money, the chief executive of the Solicitors Regulation Authority said yesterday.
SSB victims group expresses concern over regulators’ investigations
The SSB Victims Support Group has expressed concern about the way the Solicitors Regulation Authority is conducting its investigation into the collapsed Sheffield law firm.
Litigation funding supports the public interest, major research finds
Litigation funding supports the public interest and access to justice but will remain niche in aiding consumers, according to major research which identified 44 cases in the last five years.
Big fine for firm that failed to replace client money wrongly paid out
A Norwich law firm has been fined £121,000 for failing for eight years to replace client money which it had wrongly paid out to beneficiaries of an estate.
Firm found guilty of multiple failures in financial mis-selling claims
The Solicitors Regulation Authority has decided not to enforce at £65,000 fine it has issued against a financial mis-selling law firm because it is in liquidation.
Exclusive: Allow courts to fine lawyers who bring SLAPPs, says Browder
The courts should have the power to issue big fines for law firms that bring SLAPPs, global anti-corruption campaigner Bill Browder has told Legal Futures.
High Court rejects SRA appeal against £75,000 costs order
The High Court has rejected the Solicitors Regulation Authority’s appeal against a £75,000 costs order made after its failed prosecution of a solicitor.
Blog
Client account interest is not spare change
The proposed Interest on Lawyers’ Client Accounts scheme is being framed as a sensible, international, “tried and tested” way for the profession to help fund a justice system under strain.
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.
