Latest news
SRA reports two law firms to Treasury for breaching Russia sanctions
The Solicitors Regulation Authority has reported two law firms to the Office of Financial Sanctions Implementation, part of the Treasury, for breaching sanctions on Russia.
Boss struck off over pension cash misuse – but fellow partners cleared
A managing partner who used staff pension contributions to prop up his firm has been struck off, but his two equity partners were cleared of misconduct.
£350m sale of PI group in the offing as turnover and profit soar
Private-equity backed personal injury business Winn Group has reported soaring revenue and profit amid talk that it is to be sold for £350m.
Time to reset legal regulation and ethics, says consumer panel head
The new Lord Chancellor, Shabana Mahmood, needs to recognise the need for an overhaul of the legal regulatory regime, the new chair of the Legal Services Consumer Panel has argued.
Fine and reprimands for barrister over conduct as law firm owner
A barrister has been fined £5,000 by a Bar disciplinary tribunal, after he failed to report an SRA investigation into the removal of 242 wills from a law firm he owned.
Insurers win costs orders against Anexo over credit hire
A circuit judge has made four non-party costs orders against the credit hire arm of AIM-listed Anexo Group, whose customers have to use its law firm, Bond Turner, to recover its costs from insurers.
Solicitor used client money to keep PI firm afloat
A solicitor who “repeatedly” transferred money from client to office account to prop up his firm has been struck off by the Solicitor Disciplinary Tribunal.
CLC ups financial pressure on firms to deal with complaints
The Council for Licensed Conveyancers is planning to ratchet up the financial pressure on the firms that fail to handle complaints properly under its ‘polluter pays’ approach.
Number of Bar students continues to grow
The number of students on Bar vocational courses has continued to grow since the pandemic, new figures have shown. Those with a first-class degree performed far better than others.
Law firm targets acquisitions after taking private equity backing
Beyond Law Group – which currently owns three practices – has accepted private equity investment as it plans to expand significantly through organic and acquisitive growth.
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.
