Latest news
AML reforms could see banks ask for details of solicitors’ clients
Proposed government changes to anti-money laundering rules around pooled client accounts could raise issues around client confidentiality and privilege, experts have warned.
Practising barrister named a tax avoidance promoter in HMRC first
A practising barrister has for the first time been added to HM Revenue & Customs’ list of tax avoidance promoters.
County court delays falling – but still a long way to go
The government claimed yesterday that “our reforms are working” after the latest county court statistics showed that delays continued to fall against the backdrop of a rising workload.
Public access barristers used mainly for advice, not representation
People who instruct barristers through the public access scheme are much more likely to be seeking advice than representation in court, new research has indicated.
Strike-off for solicitor who deleted and lied about email
A solicitor at a national law firm who deleted a client’s email from its document management system “to try to cover up that he had not dealt with it” has been struck off.
Conveyancing fees maintain record high after stamp duty rush
Conveyancing fees have not fallen back after reaching an all-time high in the rush to get transactions completed before stamp duty increased on 31 March.
Two-thirds of law firms breaking residual balance rules
A leading firm of accountants says two-thirds of law firms whose books it examined for regulatory reports had broken the rules on residual balances.
“Weed out chancers” with £50 Legal Ombudsman complaint fee
The Legal Ombudsman should introduce a nominal complaint fee of £50 to “weed out those whom one might describe as ‘chancers’”, Birmingham Law Society has proposed.
Solicitor who lied to client “to buy herself time” is struck off
A solicitor who admitted lying to a client about receiving a medical report “to buy herself time” has been struck off by the Solicitors Disciplinary Tribunal.
Class action lawyers “may be more interested” in fees than clients
The Competition Appeal Tribunal is “alert” to the possibility that revenue streams are the priority for lawyers and funders where they, rather than the claimants, initiate class actions.
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.
