Compliance & Regulation
Solicitor struck off for sexually assaulting friend’s wife
A solicitor has been struck off for sexually assaulting the wife of a “long-term friend” as she slept, after drinking downstairs with her husband who fell asleep.
SRA budget to rise £5.3m this year as cost of living crisis bites
The Solicitors Regulation Authority is set to increase its budget by £5.3m in the coming year, with staff costs and the Solicitors Qualifying Exam the main drivers.
Jail for solicitor who plundered elderly client’s bank account
A solicitor struck off for “outrageous plundering” of the assets of an elderly client suffering from dementia has now been jailed for six years.
Consumers open to optional top-up cover to reduce cost of PII
Consumers are open to the idea of mandatory professional indemnity insurance cover being lower and therefore cheaper, with the option to top it up, research has suggested.
Family misfortunes – Acting for relatives lands solicitors in hot water
Two solicitors have found themselves in regulatory bother because of the involvement of family in the matters they were dealing with, one a property purchase and the other a will.
SRA’s respect rule “will fill gap” exposed by Beckwith ruling
The SRA’s proposed new rule requiring solicitors to treat colleagues with respect is in part aimed at filling a hole exposed by the prosecution of Ryan Beckwith, it was claimed yesterday.
Government seeks new LSB chair to help “reshape legal services”
The government has begun recruiting the fourth chair of the Legal Services Board, with the Lord Chancellor saying they would play a key role in “reshaping legal services”.
Solicitor removed restriction without beneficiary’s consent
A solicitor who amended a deed of trust to remove a beneficial interest has been rebuked for doing so without checking that the beneficiary had consented.
Long way to go – SRA unveils “unacceptable” ethnicity profile
The Solicitors Regulation Authority has a “long way to go” to improve the diversity of its senior management, it said as it published its ethnicity pay gap for the first time.
PII: Legal Services Board targets “balance” between public and profession
The Legal Services Board this week approved projects to improve the way regulators approach financial protection for consumers, as well as discipline and enforcement.
Legislate to help legal regulators deal with sanctions busters, Raab told
The Legal Services Board has told the government that “there is a strong case for legislating” to ensure legal regulators have the powers to stop lawyers breaking sanctions imposed by the UK.
Legal regulators “need to do more” in dealing with SLAPPs
Legal regulators need to do more to deal with SLAPPs – strategic lawsuits against public participation – because they are undermining the profession’s reputation, a report has argued.
“Ground down” veteran barrister fined for direct access offences
A veteran barrister has been fined £4,250 by a Bar disciplinary tribunal for carrying out litigation without authorisation and handling client money on behalf of a direct access client.
Conveyancing firms “must apply” for PII two months before deadline
Firms of licensed conveyancers will have to apply for professional indemnity insurance two months ahead of the renewal deadline and in return will receive a response within four weeks.
Mayson: Legal regulation failing to prevent consumer harm
Legal regulation is not protecting consumers from harm – both in their inability to access services and when things go wrong – meaning structural reform is more urgent than ever.
Blog
AI and law firm risk – the view of professional indemnity insurers
In considering law firm applications for cover, many insurers will expect to see evidence of how firms are adapting to AI and preparing for the future.
Automation in personal injury claims: The evolving legal risks
As automation tools become more sophisticated, they are increasingly used for more complex tasks, such as interpreting evidence and informing case strategy, particular in the PI sector.
A new era of legal operations
What we are seeing in the UK legal market is extraordinary change that will greatly influence how firms operate and compete for years to come.
