Regulation
Partner who lied about indemnity insurance is struck off
A solicitor who let his firm operate without indemnity insurance, then lied about it to his regulator and a new insurer, has been struck off.
Minister: “No plans” for review of Legal Services Act
A review of the Legal Services Act 2007 is not on the agenda, the government has confirmed. It also indicated that it was happy with the work done by the Legal Services Board
LSB gives Bar Council a ticking off over staffing criticism
The Legal Services Board has given the Bar Council a slap on the wrist for the comments it made in a Legal Futures article about staffing levels at the oversight regulator.
BSB approves online exams with “astonishing” anti-cheat rules
The Bar Standards Board has announced that Bar students will be able to take this year’s exams online – but barristers have expressed concern about the “astonishing” anti-cheating provisions.
SDT makes open justice pledge over releasing papers
Non-parties should in principle be given access to documents placed before the Solicitors Disciplinary Tribunal and referred to during hearings, it has emphasised in a new policy.
SRA: Firms can prolong extended PII cover with agreement
Law firms unable to secure professional indemnity insurance because of Covid-19 can prolong the extended indemnity period by agreement and with regulatory approval.
Law firm facilitated £8m “cheque-clearing scheme”
An experienced solicitor who allowed her firm’s client account to be used as a banking facility in a £8m “cheque-clearing scheme” has been struck off.
Kennedys to launch SQE apprenticeship
City law firm Kennedys is to launch a 30-month ‘graduate solicitor apprenticeship’ when the Solicitors Qualifying Examination (SQE) comes into effect in autumn 2021.
Court of Appeal upholds law firm’s Chinese wall
A law firm acting for different defendants against the same claimant does not owe that claimant a true fiduciary duty, and so it does not have to prove its Chinese Wall works, the Court of Appeal has ruled.
Solicitor cleared over alleged confidentiality breach
A solicitor accused of disclosing to a client confidential information about a former client has been cleared of wrongdoing by a disciplinary tribunal.
Blog
Strong AML controls are meaningless with incomplete data
One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.
Navigating the legal AI productivity-profitability paradox
Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes
Regulation, growth and access to justice: why legal services need a reset
Well-intentioned consumer protections embedded in the regulation of legal services increasingly act as barriers to innovation, competition and access to justice.
