Latest news
Solicitor convicted of tipping off client about money laundering probe
The first solicitor ever prosecuted by the Serious Fraud Office for ‘tipping off’ a client about a money laundering investigation was convicted this week at the Old Bailey.
High Court rejects GLO after law firm’s “wholesale failure”
The High Court has rejected an application by Welsh firm Hugh James for a group litigation order in the face of objections from 18 other law firms.
SRA issues detailed defence of its actions on Axiom Ince
The SRA yesterday issued its first detailed statement on the Axiom Ince scandal, saying the suspected dishonesty was “sophisticated” and missed by everyone else.
ASA bans law firm’s TikTok adverts for misleading consumers
The Advertising Standards Authority has banned two misleading TikTok posts by a law firm for not making clear that the people featured were not genuine clients.
Solicitor struck off for lying to friend about training contract offer
A solicitor who convinced a friend that he was director of a Somerset law firm and could get her a training contract has been struck off.
Green contracts initiative shifts focus to adoption
The Chancery Lane Project, a global collaboration of lawyers fighting climate change through model contract clauses, has shifted its focus from “clause creation to clause use”.
Seven arrests in dawn raids as SFO launches Axiom Ince probe
The Serious Fraud Office today arrested seven people and carried out dawn raids across nine sites, as it announced the launch of a criminal investigation into Axiom Ince.
BSB social media guidance “will do little to protect women’s voices”
The Bar Standards Board’s new social media guidance “will do little to protect women’s voices an increasingly digitised world”, two leading female barristers have argued.
PI firm maintains huge growth of accident management business
Private-equity backed personal injury business Winn Group continues to buck the market trend, with turnover for the first half of 2023/24 up 35% to nearly £143m.
Lack of detail on clin neg fixed costs “extremely worrying”
The lack of detail in the government plans for fixed costs for lower-value clinical negligence cases is “extremely worrying”, with only six months to go to implementation.
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.
