Latest news
SRA fails with two high-profile SLAPPs prosecutions
Two high-profile Solicitors Regulation Authority prosecutions for alleged misconduct by libel lawyers failed last week.
SRA disqualifies “dishonest” non-solicitor directors of SSB Group
Two non-solicitor directors of SSB Group have been disqualified from working in the profession after the Solicitors Regulation Authority found they had been dishonest.
Fast-growing conveyancing firm bought by private equity
A conveyancing law firm only set up in May 2021 has been bought by private equity in a deal that values it at £25m.
MP: Moving lawyers’ AML oversight to FCA “will help fraud fight”
Moving the supervision of lawyers’ anti-money laundering activities to the Financial Conduct Authority will strengthen the fight against fraud, a campaigning MP has told Legal Futures.
SRA urges target firms in acquisitions not to ignore due diligence
An SRA review of law firm acquisitions has highlighted failures and behaviours on the part of some target firms as a cause for concern.
SRA targets accountant’s reports and sole owners in shake-up
All law firm accountant’s reports will have to be submitted to the SRA in future, and sole owners will not generally be allowed to hold compliance roles too, under proposals published today.
Magic circle pay trainees less than US firms – and work them harder
The biggest City law firms are paying their trainees less than their US competitors but working them harder, according to new research showing how pay continues to spiral.
SRA shuts down four law firms in three days
The Solicitors Regulation Authority has shut down four law firms so far this week – two of them connected to the same man.
Government hints at more controls on RTA damages and costs
The government’s motor insurance taskforce reported yesterday with a hint that it may extend the whiplash tariff to other injuries and also review the small claims limit.
Don’t forget human support in the rush to digital, lawyers told
Both the structure and delivery of legal services – such as a lack of guidance and reactive communication – can cause difficulties for consumers, new research has found.
Blog
Modern search is about ‘knowledge’ retrieval
Search has long been understood as data retrieval – the ability to call back information and check a box on finding something. Legal professionals today need more of a 360-degree view on a matter.
Lessons from Sir Keir Starmer for SRA chief
The proposed 29%, or £25m, increase in the Solicitors Regulation Authority’s budget announced last week should really come as no great surprise.
The hidden risks in client account reconciliations
The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.
