Property
Solicitor suspended for not disclosing own-interest conflict
A law firm owner has been suspended for not disclosing conflicts of interest to clients, including that his wife was a director of the property development company they were buying from.
Council fines law firm for breaking law in collecting rent for clients
The First-tier Tribunal has upheld an £8,400 fine imposed on a law firm for not belonging to a client money protection scheme while collecting rent for properties owned by clients.
“Fast conveyancing” firm meets accelerated target 80% of the time
A law firm that promises home movers “fast conveyancing” has told Legal Futures that it meets its targets for accelerated exchanges 80% of the time.
Solicitor breached undertaking and loaned client cash to correct it
A solicitor who paid away proceeds of a property sale in breach of an undertaking and then loaned the client the money to make up the shortfall, has been fined for misconduct.
Assistant solicitor fined for costly undertaking failures
An assistant solicitor whose failure to comply with an undertaking in a property transaction cost his firm’s insurer £440,000 has been fined £5,500.
Legal market’s strong growth in 2024 set to continue this year
The UK legal services market grew by 10% to £52bn last year and is heading towards a strong 2025 too, according to new research.
SDT: Solicitor gave undertaking even if he did not call it one
An assurance given by a solicitor in a conveyancing transaction was an undertaking, even if he did not use the word, the Solicitors Disciplinary Tribunal has ruled.
£86m of client money went through in-house solicitor’s personal account
An elderly in-house solicitor who handled reserved legal work without authorisation, and used his personal bank account to process £86m of client money, has agreed to leave the profession.
Law firm avoids tribunal referral over PEP due diligence failures
A law firm that failed to conduct proper anti-money laundering checks while acting for a politically exposed person has been fined £25,000.
Law Society research highlights its TA6 failures
The extent of the Law Society’s misjudgement in last year’s launch of the updated TA6 property information form has been laid out by research it commissioned.
Blog
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
Linklaters’ chief growth officer takes the ‘blank sheet’ challenge
In the third and final part of this series, Lucy Murphy, chief growth officer at magic circle firm Linklaters, outlines her vision for the law firm of the future.
The ‘blank sheet’ challenge, part 2 – what would you do differently?
In the second part of this blog series, Shainul Kassam, managing director of small London firm Fortune Law, sets out how she would set up a law firm now.
