Compliance & Regulation
“Long haul to recover” – BSB counts cost of cyber-attack
A malicious cyber-attack on the Bar Standards Board a month ago – for the fourth time in a year – has proved “catastrophic” for the regulator, a meeting of its governing board heard yesterday.
Supreme Court maintains SRA costs protection for failed prosecutions
The Supreme Court has upheld the principle that costs should only be awarded against the Solicitors Regulation Authority in unsuccessful prosecutions where there is good reason to do so.
Rebuke for partner who took trainee to strip club
A male City partner who added to a female trainee’s discomfort at being taken to a strip club during a work event by putting his arm around her waist has been rebuked.
Solicitor used firm’s client account to administer family finances
A veteran solicitor has been fined for administering her family’s finances through her firm’s client account over 18 years and using it “as an overdraft facility for her family”.
SRA to press ahead with plan to increase fining power to £25,000
The Solicitors Regulation Authority is to press ahead with plans to expand its fining powers from the current maximum of £2,000 to £25,000 and introduce fixed penalties for low-level offences.
GC fined over conflicts of interest in instructing outside firm
A former general counsel has been fined for failing to disclose his interest in instructing an external firm and his links with a solicitor he then recommended to that firm.
LSB urges Citizens Advice-style service for small businesses
A national legal support and information service for small businesses, akin to Citizens Advice, would help bridge a “significant access to justice gap”, the Legal Services Board says today.
High-profile solicitor’s SDT fined upped because of role at tribunal
The Solicitors Disciplinary Tribunal rejected a lower fine for high-profile solicitor Karen Todner, in part because she was the tribunal’s vice-president at the time of her misconduct.
Barrister convicted of sexual assault wins appeal against disbarment
A male barrister who sexually assaulted a female colleague and then asked her to lie to help him cover his tracks with his partner has won his appeal against disbarment.
Law firm reported to SRA for “clear breach” of SLAPP guidance
The Solicitors Regulation Authority needs to investigate a “clear breach” of its recent guidance over SLAPPs, lawyers for the founder of investigative website Bellingcat have said.
Solicitor rebuked over referrals from genealogists
A solicitor has been rebuked for taking referrals from a genealogy business that acquired clients in a way that a law firm would be prohibited from doing.
Solicitor fined for failing to pay thousands in counsel’s fees
A solicitor who has failed to pay thousands of pounds in outstanding fees to counsel has been fined by the SRA, with others fined for accounts and transparency rules breaches.
Paralegal jailed for stealing £438k from law firm to feed gambling habit
A former paralegal at national law firm BLM has been jailed for three years and three months after pleading guilty to stealing £438,000 from the firm to feed his gambling habit.
MPs and peers urge bigger fines for lawyers who break AML rules
MPs and peers have called for “a radical overhaul” of anti-money laundering supervision, with regulators of lawyers urged to issue wrongdoers with “bigger, more public” fines.
Plan to reduce time limit for complaints to LeO “goes too far”
A proposal by the Legal Ombudsman to cut the time limit for consumers to bring a complaint from six years to one “goes too far”, the Bar Standards Board has argued.
Blog
Beyond PCP: Can regulators and lawyers work better together next time?
Nearly a decade after the Financial Conduct Authority began investigating the car finance industry, the story of the PCP commission scandal is still unfinished.
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
