Solicitors


“I totally cracked” – law firm founder struck off for client money theft

19 April 2021

The founder of new-model law firm Cubism Law has explained how he “totally cracked” under the pressure of its financial problems, leading him to dishonestly misappropriate client funds.


SDT: Drink-drive solicitor did not automatically undermine public trust

16 April 2021

A solicitor convicted of drink-driving after a motorbike accident did not automatically undermine public trust in the profession, the Solicitors Disciplinary Tribunal has ruled.


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.

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Blog


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The proposed Interest on Lawyers’ Client Accounts scheme is being framed as a sensible, international, “tried and tested” way for the profession to help fund a justice system under strain.


The formula for finance-enabled business development

Client concentration or over-dependence now counts as a top strategic risk for 26% of firms. Cross-selling is an antidote – a way to bolster revenue resilience without relying on client acquisition.


Whistleblowing guidance for in-house lawyers – a call to arms

In-house lawyers are in a unique position to spot wrongdoing. But reporting it is not just potentially dangerous from a personal point of view.


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