Latest news
Government awards £1.75m to conveyancing data projects
Two projects that aim to speed up the home-buying process have received £1.75m in government backing from the Regulators’ Pioneer Fund.
SRA: Client account “still on reform agenda”
The Solicitors Regulation Authority has not kicked changes to client account – and the interest solicitors earn on it – into the long grass, its chair warned solicitors yesterday.
Legal regulators unhappy at loss of AML role to FCA
Regulation by the Financial Conduct Authority for anti-money laundering will feel “very different” for law firms, the Solicitors Regulation Authority’s chief executive has predicted.
Philip: I thought about resigning in wake of SSB report
The chief executive of the Solicitors Regulation Authority said yesterday that he did consider resigning in the wake of the report on SSB Law but decided that “it wasn’t the right thing”.
Mazur “the inadvertent result” of Legal Services Act drafting
The Mazur ruling likely came about because the Legal Services Act 2007 inadvertently failed to codify what had been custom in the legal profession for a long time, two experts have argued.
FCA to take over anti-money laundering supervision of all lawyers
The Financial Conduct Authority is to take over responsibility for supervising lawyers’ anti-money laundering activities, the government announced today.
Home Office-funded collective action wins approval
The Competition Appeal Tribunal has granted the first public sector collective proceedings order, with the Home Office as litigation funder and largest class member.
“Cowardly” solicitor lied to client about claim for over 10 years
A self-confessed “cowardly” solicitor who lied to a client for more than 10 years after her medical negligence claim was thrown out has been struck off.
“Decisive reform” needed to restore public trust after SSB scandal
The collapse of SSB Law and the SRA’s failures in supervising it demand “decisive reform” to restore public confidence, the Legal Services Consumer Panel has warned.
Lack of training grants “increases risk” of duty solicitor collapse
The lack of training grants for aspiring criminal defence solicitors “risks entrenching the current trajectory toward collapse” of the scheme, an academic has argued.
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.
