Partner who acted on Ponzi scheme fined £30k over conflict of interest
A partner who acted on what turned out to be a fraudulent Ponzi scheme has been fined £30,000 for accepting a role to protect the interest of the scheme’s bondholders.
SRA hands out first fixed penalties for AML information failures
The Solicitors Regulation Authority has issued the first fixed fines to firms that failed to provide it with information about their anti-money laundering and sanctions controls.
Listed law firm’s revenue grows by 18% as it rolls out agentic AI
AIM-listed Keystone Law has reported revenue growth of almost 18% to over £115m in its latest annual financial results, while the AIIC Group has also announced strong growth.
‘Freeman of the land’ theories “offensive to the rule of law”
A High Court judge has condemned ‘Freeman of the land’ theories used by litigants in person to try and get themselves out of legal difficulties as “offensive to the rule of law”.
Solicitor who fabricated attendance note escapes strike-off
A solicitor who created a “false and misleading” attendance note to show that she warned a client about the escalating level of costs has been suspended for two years.
Fine for drunk barrister who collapsed at court
A barrister who collapsed at a court while drunk and was taken to hospital in an ambulance has been fined £1,000 by the Bar Standards Board.
Watchdog takes action over accident management companies’ adverts
Three accident claims management companies – one of which is owned by a law firm – have been found in breach of the Advertising Standards Authority’s rules.
First batch of credit hire claims processed by arbitration pilot
The first group of credit hire claims have been processed by a pioneering arbitration pilot – a partnership between a law firm, an insurer and a legaltech firm.
Breach of SRA rules must be “sufficiently serious” to be misconduct
A solicitor’s breach of their regulatory obligations will only amount to misconduct if it is “sufficiently serious”, the Court of Appeal ruled yesterday.
Major PE-backed law firms unveil latest acquisitions
Two fast-growing private equity-backed law firms in the North-West have unveiled acquisitions to boost their Court of Protection and personal injury practices respectively.
