Latest news
Strong results for law firms despite high inflation
Four out of 10 law firms increased revenues above inflation in the last financial year, while 89% expect revenue to go up in the current year, research has found.
Top IP law firm settles claim alleging years of overcharging
The claim that IP law firm Marks & Clerk overcharged thousands of small businesses by operating a ‘secret commissions’ scheme has been settled with payments but no admission of liability.
Axiom Ince failures are “history for us”, says SRA chair
What went wrong with the Solicitors Regulation Authority’s supervision of Axiom Ince is “in many respects… history for us”, the regulator’s chair told the profession today.
Professional services network enters law with £6m deal for Surrey firm
A professional services business focused on finance and accountancy has made its first foray into the legal market with the £6.1m acquisition of a fee-share law firm.
SRA imposes “interim” conditions on work of SSB Group chief
The Solicitors Regulation Authority has imposed conditions on the practice of SSB Group co-founder Jeremy Brooke while it continues its probe into what went wrong.
Solicitor suspended for allowing unadmitted person to run law firm
A solicitor who allowed an unadmitted “friend” to run a law firm of which he was nominee director and shareholder, has been suspended for two years.
Law firms treating AML training as “tick-box exercise”
Many law firms treat anti-money laundering training as a “tick-box exercise”, the Solicitors Regulation Authority has found.
Pro Bono Week kicks off amid rising demand and provision
Demand for, and provision of, pro bono legal services are both increasing, it was reported this week to mark the 23rd annual Pro Bono Week.
Only a fifth of law firms fully compliant with AML rules
Only 22% of law firms checked by the Solicitors Regulation Authority for their approach to anti-money laundering in the past year were fully compliant with the rules.
NQ solicitor struck off for faking emails and misleading new employer
A newly qualified solicitor who lost her job for falsifying progress on a matter and then did not tell her new employer why she had moved on, has been struck off.
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.
