Compliance & Regulation


Charging law firms £250 “makes volume FOS claims unmanageable”

15 August 2024

Charging law firms fees of £250 per case to bring complaints to the Financial Ombudsman Service could make volume complaints “unmanageable”, the Law Society has warned.


Property firm fined £22k for money laundering failures

14 August 2024

A property law firm in Manchester has been handed a fine of nearly £22,000 for failures in anti-money laundering procedures, towards the top end of the SRA’s powers.


Partner suspended for sexual misconduct at firm retreat

13 August 2024

A former board-level partner at a well-known law firm has been suspended for nine months for making inappropriate sexual advances to a colleague at a partners’ away weekend.


Judge warned over misconduct in own divorce proceedings

13 August 2024

A deputy district judge has received a formal warning for misconduct over how he presented his financial situation in divorce proceedings.


Solicitor struck off over missing money that has cost profession £3.8m

12 August 2024

A solicitor who has cost the profession more than £3.8m in payments from the SRA Compensation Fund to replace money that was taken from property clients has been struck off.


Solicitor fined for transferring £10k of client money by error

9 August 2024

A solicitor who mistakenly transferred £10,000 of client money to his firm’s business account – and did not realise for six months – has been fined by the SRA.


SRA to contact dozens of immigration solicitors over competence

8 August 2024

The SRA is contacting a group of immigration and asylum solicitors whose training records did not provide “sufficient assurances” that they are maintaining their competence.


ACL set to introduce ‘costs paralegals’ to boost profession

8 August 2024

The Association of Costs Lawyers has backed the creation of a new membership category for non-costs lawyers, with launched a further consultation on describing them as ‘costs paralegals’.


SRA hands out another big fine for AML non-compliance

7 August 2024

A law firm in Essex is the latest to receive a hefty fine from the Solicitors Regulation Authority for not complying with anti-money laundering rules.


“Favourable” PII market expected to continue throughout 2024

6 August 2024

The current “favourable” professional indemnity insurance market is expected to continue throughout the rest of 2024, according to a leading broker.

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