Compliance & Regulation

The SRA is going ahead with plans to introduce the same system of fee caps for law firms handling financial services mis-selling claims as the Financial Conduct Authority has for CMCs.

A law firm administrator who paid herself £1,450 using pre-signed cheques, which she claimed was to refund money she had spent on office tea and coffee, has been barred from the profession.

A barrister has been suspended for six months after being convicted for what a tribunal described as “a sustained, angry and violent physical assault” which was “clearly the result of heavy drinking”.

Two law firms that have not had their anti-money laundering policies in order for several years have been fined by the Solicitors Regulation Authority.

A law firm that held nearly £600,000 in hundreds of residual client balances dating back 28 years has been fined by the Solicitors Regulation Authority.

The SRA today starts a conversation about the future of client protection arrangements, the extreme end of which could see the end of firms holding client money and of the Compensation Fund.

A solicitor has been jailed for two years after admitting abusing her position to steal tens of thousands of pounds from two vulnerable people, one of whom was her father.

A legal helpline adviser at Irwin Mitchell was not under a duty to advise a prospective client of steps she needed to take to protect her position, the Court of Appeal has ruled.

The Solicitors Regulation Authority is to consult on how it would regulate CILEX paralegals and students in the next stage of its work on assuming oversight of the legal executive profession.

Consumer claims firm SSB Law, which went into administration earlier this month owing six litigation funders £200m, faces up to 1,400 professional negligence claims, it has emerged.