Compliance & Regulation

The Solicitors Regulation Authority is braced for solicitors looking to borrow from client account to help pay their bills in the face of a worsening economy, its chief executive said yesterday.

The Legal Services Board has promised the frontline legal regulators “greater autonomy” in its the framework it will use to assess regulators’ progress.

Lawyer are not merely “servants of their clients” and should counsel their clients about environmental harms their instructions may lead to, a leading legal academic has argued.

The Supreme Court has refused permission to appeal a ruling that a barrister who sat as a tribunal chair for the Nursing and Midwifery Council was a ‘worker’ and entitled to sickness and holiday pay.

The SDT has lifted part of the conditions imposed on a solicitor suspended for a year a decade ago for multiple rule breaches, allowing him to return to law firm management.

Law firm managers, but not junior staff, are set to have a regulatory obligation to challenge colleagues who treat others unfairly or without respect, the Solicitors Regulation Authority has said.

The Legal Ombudsman is seeking an “inflationary” 9.6% increase in its budget for 2023-24 to £16.8m as it aims to “drastically reduce” the complaints backlog.

The Solicitors Regulation Authority will make full use of the proposed new power to issue unlimited fines against solicitors and firms caught up in economic crime, its chief executive has warned.

There is “much” in how the Solicitors Regulation Authority will implement changes to its fines regime which “should be of grave concern to the profession”, Birmingham Law Society has warned.

A partner at listed law firm Knights convicted of assault by beating and separately drink driving has been fined £1,700 by the Solicitors Regulation Authority.

A sister and brother struck off as solicitors for their role in dubious investment schemes have failed in their appeal to the High Court.

A significant number of chambers do not know whether their barristers have declared that they are subject to the money laundering regulations, the Bar Standards Board has warned.

The Solicitors Regulation Authority made 20 suspicious activity reports to the National Crime Agency in the past year, relating to solicitors handling £149m of potentially criminal funds.

The complaints partner at a West Midlands law firm who “frustrated the Legal Ombudsman in carrying out its function” by failing to respond to requests, has been fined £4,000.

A law firm that was non-compliant with the anti-money laundering rules for three years has been fined for showing “a disregard for statutory and regulatory obligations”.