Compliance & Regulation


SRA reports £161m of suspect transactions by law firms to NCA

23 June 2022

The Solicitors Regulation Authority has reported £161m worth of suspect transactions involving the profession to the National Crime Agency, with failures to check the source of funds the main trigger.


Family specialists choose employee ownership over acquisition

22 June 2022

The founders of a specialist family law firm have spurned potential acquirors to transfer it instead into an employee ownership trust, saying the move sends a positive signal to would-be staff.


Solicitor who let one mistake “snowball” fined by tribunal

22 June 2022

A solicitor who let one mistake on a property sale snowball so that it affected multiple transactions in a portfolio has been fined £10,000 – even though he preferred to be struck off.


Solicitor struck off for blue badge misuse fails in High Court appeal

22 June 2022

A solicitor who used a disabled badge that did not belong to him nine times to park near his law firm has failed in his appeal against being struck off.


Partner suspended over gift from client and seeking introduction fee

21 June 2022

A former partner at listed law firm Gateley has been suspended for a year after accepting a £2,500 cash gift from a client and later asking the client for an introduction fee.


Vulnerable clients struggle in face of “cold, clinical and chaotic” lawyers

21 June 2022

Vulnerable clients are being disadvantaged by the “cold, clinical and chaotic manner” in which they are treated by some lawyers, a report for the Legal Services Board has found.


Barrister failed to justify direct access client’s £420,000 bill

20 June 2022

A direct access barrister who failed to justify fees for herself and a colleague of £420,000 plus VAT for a divorce hearing has been fined £5,000 by a Bar disciplinary tribunal.


Barrister suspended for telling jury that judge was talking “rubbish”

17 June 2022

A barrister who described a judge’s summary of a witness’s evidence as “absolute rubbish” and asked if the judge was giving evidence has been suspended for four months.


SRA should be able to fine much more than £25,000, LSB tells Raab

16 June 2022

The Solicitors Regulation Authority’s fining powers should go “considerably beyond” the proposed increase to £25,000, the Legal Services Board has told the Lord Chancellor.


Fine for male trainee who told female colleague: “I roofied your drink”

16 June 2022

A trainee solicitor who subjected two female colleagues to “harassing and abusive behaviour” at a work Christmas party – groping them and telling one he had “roofied” her drink – has been fined.


Sibling partners embrace employee ownership to maintain team spirit

15 June 2022

The sister and brother partners of an Essex law firm have rejected acquisition offers from larger firms and decided to transfer their shares to an employee ownership trust.


Accountancy body can finally exit legal services regulation

15 June 2022

The Legal Services Board has granted permission for the Association of Chartered Certified Accountants to formally pull out of probate regulation, having refused it in January.


Unregulated providers growing share of consumer and SME markets

14 June 2022

The unregulated sector may account for up to 9% of the total market for individuals’ legal needs and up to 39% for small businesses, Legal Services Board research has indicated.


Call to beef up rules on discrimination and harassment by barristers

14 June 2022

The rules against discrimination and harassment by barristers need to be strengthened by removing the requirement that the actions be unlawful, two QCs have argued.


Axiom Law enters regulation for first time with US ABS

13 June 2022

Leading alternative legal services provider Axiom Law has moved into regulated services for the first time after being granted an ABS licence in the US state of Arizona.

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