Regulation
Solicitor rebuked for failing to report staff member’s conviction
A solicitor who failed to report that a fee-earner he employed had been convicted of an immigration offence has been rebuked by the Solicitors Regulation Authority.
Divorce firm looks to shake up field with fixed fee for whole process
A freelance solicitor has teamed up with a former KPMG partner to launch a divorce business that guarantees its fixed-fee quote for the whole process, including ancillary relief.
Solicitors fined for failing to prevent £3.3m property fraud
Two directors of an alternative business structure have been fined for not supervising a branch office where a fellow director and a bogus solicitor carried out a £3.3m property fraud.
SRA fines six firms for failing to provide AML compliance declaration
The Solicitors Regulation Authority has published details of fines levied against six law firms for failing to confirm in time that they had a compliant anti-money laundering firm-wide risk assessment.
Signs of progress as courts support barrister’s childcare responsibilities
A barrister has spoken about her “really positive” recent experiences of courts accommodating “the practicalities and balancing acts being carried out by those with children”.
Solicitor who charged £9,000 for doing nothing is struck off
A solicitor who charged a client’s estate fees of over £9,000 during a period of “complete inactivity” has been struck off. He was both its executor and residuary beneficiary.
Licensed conveyancers review insurance scheme as market hardens
The Council for Licensed Conveyancers has announced a review of its professional indemnity insurance arrangements in light of a hardening market for cover.
Bar Council urges limits to mitigation in sexual misconduct cases involving barristers
Issues such as provocation, spontaneity and whether an incident was a ‘one-off’ should not be factors that reduce sanctions for sexual misconduct by barristers, the Bar Council has urged.
Solicitor suspended for “complete dereliction of duty”
A solicitor who held nearly 1,500 historical client balances and whose failure to remedy accounts rule breaches was described as a “complete dereliction of duty”, has been suspended for two years.
LSB praises “impressive progress” made by smallest regulator
The Legal Services Board has commended the “impressive progress” made by the Costs Lawyer Standards Board – the smallest of the legal regulators – in meeting its performance framework.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
