Latest news
Solicitor had clients pay fees into personal bank account
A solicitor has been struck off for telling clients to pay small sums of money into his personal account – but, very unusually, his identity has been kept secret.
Growing profits validating consolidation strategy, says listed firm
Growing profit before tax at listed law firm Knights is evidence of the success of its consolidation strategy, chief executive David Beech said today.
Merricks hit by indemnity costs for “completely inappropriate” allegations
The Competition and Appeals Tribunal has imposed an indemnity costs order on Walter Merricks, class representative in the groundbreaking collective action against Mastercard.
Court adjourns law firm negligence trial over KC’s illness
The High Court has adjourned next week’s trial of a £32m claim against a Manchester law firm because its KC is ill, holding that it would be unfair to force it to proceed with junior counsel.
Strike-off for partner who asked seller’s firm to backdate completion
A conveyancing partner who asked the seller’s solicitor if he could backdate completion by a day to save his client stamp duty land tax has been struck off.
Temporary truce with Rosenblatt in talks to buy back firm
Ian Rosenblatt has been given a chance to buy back his old law firm from listed company RBG Holdings in the latest twist in his public battle with its board.
Ex-solicitor told to repay £1m from fraud or face more years in jail
The struck-off solicitor jailed for 14 years for the Axiom Legal Financing Fund fraud has been ordered to pay back £1.1m or face a further five years in jail.
Suspension for solicitor who did not comply with SDT order
A solicitor who failed to comply with an order made by the Solicitors Disciplinary Tribunal in 2020 has now been suspended for a year.
Three law firm staff disqualified from profession for drugs convictions
Two fee-earners at conveyancing giant ONP Solicitors have been disqualified from the profession after they were jailed for drug dealing.
Commercial Court claims fall to lowest number in decade
The number of new claims issued in the Commercial Court last year fell to the lowest figure in over a decade, new research has revealed.
Blog
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.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
