Regulation

Three solicitors who borrowed more than £3m from the now collapsed Axiom Legal Financing Fund have been struck off for using the money to fund their practice, which was not the stated purpose of the loan. They are the latest, but not the last, to face disciplinary action in the wake of the Axiom’s failure.

The Solicitors Regulation Authority has for the first time made lack of access to legal services one of its priority areas of work. “Only a third of people with a legal problem seek professional advice. And only one in 10 will take advice from a solicitor or barrister,” it said.

A barrister who claimed she was the victim of racial discrimination by the Bar Standards Board has lost her appeal against a ruling that her case was brought out of time. Portia O’Connor, who is black, was the first barrister to become a partner in a legal disciplinary partnership.

The High Court has rejected a solicitor’s bid to overturn conditions placed on his practising certificate by the Solicitors Regulation Authority – but also criticised the regulator for the time it has taken to act in the case. The court said there was “a very real risk” that the solicitor had allowed his client account to be used as a bank account.

Accountants are set to go head to head with lawyers for tax work after the Institute of Chartered Accountants in England and Wales yesterday formally applied for the right to allow members to conduct reserved legal activities. The institute said the move would be in the interests of consumers.

The Legal Services Board has argued more strongly than ever that professional bodies must be fully separated from regulators. In a letter to the justice select committee, Sir Michael Pitt, chairman of the LSB, argued that there was scope under existing arrangements for them to “resist reforms”.

A cashier who took nearly £750,000 from City law firm Ince & Co’s office account has been jailed for more than three years. Juliette Holland, 46, from Hockley, Essex pleaded guilty and was sentenced to three years and four months imprisonment at Basildon Crown Court.

A solicitor who allowed his wife to make improper transfers from his firm’s client account has been suspended by the Solicitors Disciplinary Tribunal.

National law firm Cartwright King is launching a franchise scheme for solicitors who want to set up their own practices, which will operate in a similar way to a virtual firm but allow franchisees to benefit from an existing national brand.

An immigration solicitor who signed a statement of truth on a blank claim form which was then accidentally passed to a claimant who used it to launch a judicial review, has been fined by the Solicitors Disciplinary Tribunal. She had been referred for investigation by the president of the Queen’s Bench Division, Sir Brian Leveson.