Latest news
Kidwells launches accountancy joint venture – to add to its nine other branded businesses
An innovative Hereford-based alternative business structure has set up a joint venture with a Welsh accountancy firm, joining nine other branded businesses in the Kidwell Group, ranging from a barristers’ chambers to a guest house.
BSB seeks power to fine barristers cleared by disciplinary tribunals
The Bar Standards Board (BSB) is seeking the power to impose fines of up to £1,000 on barristers cleared by disciplinary tribunals, it has emerged. It also wants greater scope to appeal to the High Court.
NewLaw owner acquires firm’s ABS joint venture partner
The listed company that owns NewLaw Solicitors is to acquire a fleet accident management group that itself has a joint venture alternative business structure with NewLaw. Redde has agreed to acquire the FMG group of companies for approximately £43.2m.
Former lawyers convicted of providing illegal immigration advice
A former solicitor and barrister have both been convicted and sentenced by magistrates for the providing unregulated immigration advice and services. They are the latest in a string of convictions for this offence.
Barrister who took BSB to judicial review hopes for “fair hearing” of forgery claims
Damian McCarthy, a barrister whose disbarment was overturned by the Court of Appeal, has said he is hoping for a “fair hearing” from a new Bar disciplinary tribunal. The Bar Standards Board said it remained of the view that he had acted dishonestly.
“Disgraceful” solicitor who used client account cash to keep firm afloat struck off
A solicitor who withdrew money more than 150 times from client accounts so as to keep his firm afloat has been struck off for his “disgraceful” behaviour. In mitigation, the Solicitors Disciplinary Tribunal was told that the solicitor had “treated his practice as his family”.
Top five conveyancing firms gain most from property surge
The top five conveyancing firms handled 10% more transactions in the second quarter of this year than in the same quarter the previous year, research has shown. However, the bottom half of the top 100 have showed the fastest growth over the past four years.
Hudson replaced as Veyo chair by turnaround specialist
Des Hudson, former chief executive of the Law Society, has left his post as chair of conveyancing portal Veyo, it has been announced. His replacement, Ian Gray, is a ‘turnaround management’ specialist.
Fairpoint closes Colemans deal to become predominantly a legal services provider
Fairpoint plc’s acquisition of Colemans-ctts has formally completed, meaning legal services now accounts for 62% of the company’s revenue. The deal, first announced at the start of the month, is structured as an acquisition by Simpson Millar, the law firm Fairpoint bought last year to enter the legal market.
Bar disciplinary tribunal to rehear disbarment overturned by Court of Appeal
A long-running disciplinary case involving accusations that a barrister forged client care letters must be heard again, the Visitors to the Inns of Court have ruled. They said there was “no basis” for saying that the barrister would be deprived of a fair hearing “by reason of delay and/or any prior knowledge” of BSB witnesses.
Blog
Beyond PCP: Can regulators and lawyers work better together next time?
Nearly a decade after the Financial Conduct Authority began investigating the car finance industry, the story of the PCP commission scandal is still unfinished.
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
