Regulation


Profession has struggled with AML rules, says firm fined £10,000

15 April 2021

A Surrey law firm has been fined £10,000 for breaches of the anti-money laundering rules in its training, approach to risk assessment and in a conveyancing transaction which produced £850 in fees.


Solicitor struck off for “sophisticated” Land Registry fraud

14 April 2021

A solicitor jailed for more than three years for forging Land Registry documents in a family dispute with the owners of a Newcastle takeaway has been struck off.


SRA bid to cut Compensation Fund payout cap facing rejection

14 April 2021

Controversial Solicitors Regulation Authority plans to cut the maximum award from its Compensation Fund from £2m to £500,000 are facing rejection by the Legal Services Board.


SRA backs new cyber-losses clause for indemnity policies

14 April 2021

The extent to which losses caused by cyber attacks are covered by law firms’ professional indemnity insurance policies is to be clarified by the Solicitors Regulation Authority.


Fine for solicitor who acted on both sides in “undue influence” house sale

13 April 2021

A solicitor acted for both sides in a house sale at an undervalue between a 78-year-old woman and her 34-year-old boyfriend, which was set aside by the High Court on the grounds of undue influence.


Negligence claim against Irwin Mitchell thrown out after assignment

13 April 2021

National law firm Irwin Mitchell has been granted summary judgment in a professional negligence claim because the retainer prevented its former client assigning his cause of action.


Solicitors who misused £1m raised from loan notes struck off

12 April 2021

Two solicitors who issued £1m in loan notes to prop up their firm have been struck off for misusing the money and leaving their investors nursing huge losses.


Ban for accountant jailed over £400k theft from major City law firm

9 April 2021

A management accountant jailed for stealing £400,000 from a major City law firm over six years has now been banned from working in the legal profession.


Solicitor paid away £290k of sale proceeds after falling for email fraud

9 April 2021

A veteran solicitor who was tricked by an email fraud to pay out £290,000 in proceeds from a conveyancing transaction to a third party has been fined £10,000.


Petition calls for SRA to allow unsolicited approaches online

9 April 2021

A solicitor has begun a petition urging the Solicitors Regulation Authority to allow firms to make unsolicited approaches to consumers online, saying the blanket ban goes too far.

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