Latest news
Fine for solicitor who sent “threatening” Covid letters to schools
A solicitor who sent “threatening” letters to at least 244 secondary schools, telling them they could be at risk of criminal or civil liability for implementing Covid measures, has been fined £2,500.
Court of Appeal ruling opens door to motor finance mis-selling claims
The Court of Appeal has opened the door to billions of pounds worth of claims for mis-sold motor finance after finding dealers in breach of their fiduciary duty to customers.
LPC graduate’s claim against law firm thrown out for late filing
An LPC graduate who knew she had three months to issue an employment tribunal claim against a law firm where she worked has been refused an extension of time to bring it.
“Appalling” partner struck off for creating toxic workplace
A law firm’s co-owner has been struck off for “appalling conduct” that involved violence, bullying and harassment aimed at junior colleagues.
Think tank calls for FCA to regulate third-party litigation funding
A right-wing think tank has called for the Financial Conduct Authority to regulate third-party litigation funding in the same way “as other investment products”.
Make wellbeing “part of lawyers’ performance assessments”
Lawyers’ approach to wellbeing should form part of their performance assessments, while firms should have “open and honest discussions” with clients about mental health.
Half of lawyers “regularly use credit because they’ve run out of money”
The proportion of lawyers saying they regularly use credit cards because they have run out of money has more than doubled in a year to almost half.
ABS backed by sovereign wealth fund sets up insurance business
A pioneering ABS is set to become the first law firm to launch its own PII product – for law firms, among others – and revealed it has investment from a sovereign wealth fund.
Simple errors in Land Registry applications cost conveyancers £19m
Conveyancers’ failures to get names right in applications to HM Land Registry is costing them up to £3.6m a year in fee-earner time to correct, the agency has estimated.
Law firm rebuked for not distributing estate after merger
A Surrey law firm that failed to deal with an estate it took on after merging with another practice has been rebuked by the Solicitors Regulation Authority.
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.
