Latest news
BSB suspends “bomb hoax” barrister
The Bar Standards Board has issued an immediate suspension order preventing barrister Michael Shrimpton from practising. Mr Shrimpton was convicted of communicating false information at Southwark Crown Court last week.
SRA uncovers “genuinely shocking” money laundering by law firms
Some “genuinely shocking” cases of money laundering by law firms are currently going through the disciplinary system, a senior manager at the Solicitors Regulation Authority has warned the profession.
Quindell scotches report of major contract loss
Alternative business structure Quindell has quashed a news report of more problems for the AIM-listed company which led to a late dive in its share price yesterday. The share price was up sharply in early trading.
Better late than never: MoJ finally publishes report on litigants in person
The Ministry of Justice has finally published a report it commissioned on litigants in person – more than a year after it was submitted. The report criticised the Legal Services Consumer Panel for calling for greater recognition for paid McKenzie Friends.
Hodge Jones & Allen wins second apology from The Times
London law firm Hodge Jones & Allen has this week received an apology and “substantial” damages from The Times newspaper over a front-page article which claimed the firm was being sued by a former client for negligence in relation to a MMR vaccine claim.
LSB rejects plan to cut indemnity cover limit
The Legal Services Board (LSB) has rejected plans by the Solicitors Regulation Authority (SRA) to cut the indemnity cover limit for law firms from £2m to £500,000.
SRA to consult profession and public on ethical values
The Solicitors Regulation Authority is planning a major consultation on ethical values with the profession and the public next summer, chief executive Paul Philip announced yesterday.
Terry relinquishes right to nearly 9m Quindell shares
Former Quindell executive chairman Rob Terry has formally lost his right to buy back nearly 9m shares in the company under the sale and repurchase agreement that led to his resignation.
Parliament clears way for legal executive law firms
Chartered legal executives will be able to set up their own law firms in the New Year – a move that ILEX Professional Standards said would for the first time also give solicitors’ firms a choice of regulator, and that the government said would help consumers access legal services.
SRA reaches out to small firms
The Solicitors Regulation Authority has today set out a series of measures aimed at improving its relationship with small firms. It said it wanted to counter perceptions that the regulator is indifferent to small firms, and that it does not understand the practicalities of running them.
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.
