Compliance & Regulation
Leading firms prepare to offer part-time working to all trainees
Two large law firms – Osborne Clarke and Eversheds Sutherland – have said that they will offer all their trainees the opportunity to work part-time from September 2024.
Strike-off for solicitor who misled clients over progress of claims
A personal injury lawyer who failed to tell six clients that their claims had been struck out, instead misleading them into thinking they were active, has been struck off.
Reduce AML officers’ billable targets, regulator tells firms
Firms should relieve lawyers who hold their anti-money laundering compliance roles of some of their fee-earning workload and consider appointing deputies too, the SRA has said.
SRA and Law Society clash again over scrapping Solicitors Indemnity Fund
The Law Society has strongly attacked plans unveiled yesterday by the Solicitors Regulation Authority to scrap the Solicitors Indemnity Fund, which provides cover for post-run-off negligence claims.
Compensation fund pays out £600,000 to clients of dishonest solicitor
A solicitor whose misconduct has led to the SRA Compensation Fund paying out nearly £600,000 to his former conveyancing clients has been struck off.
Solicitor suspended for “dumping” hours on file to meet billing targets
A solicitor who “dumped” hundreds of hours of unjustified time on a largely completed file in a bid to meet his billing targets has been suspended for nine months.
Solicitor struck off for lying in job interview about previous sacking
An experienced solicitor who told a prospective employer that she was still in work, when in fact her former firm had sacked her several months earlier, has been struck off.
SRA tries again to increase fining powers – this time to £25,000
The Solicitors Regulation Authority has launched its latest effort to expand its fining powers, this time looking to increase the current £2,000 maximum to £25,000.
Law firm closures fall during Covid but support scheme abuses emerge
Law firm closures and interventions have fallen during the pandemic, but it has had negative effects too, such as abuse of government funding schemes, the Solicitors Regulation Authority has revealed.
Solicitors rebuked for frying pan attack and non-disclosure agreement
A solicitor who hit a person around the head with a frying pan, and another who tried to use a settlement agreement to prevent disclosures to HMRC, have been rebuked.
Lawyer faces jail for contempt after failing to hand over files to SRA
A lawyer who failed to comply with court orders to hand over his firm’s files to the Solicitors Regulation Authority is facing possible jail time after being found in contempt.
Regulator presses Simplify to help clients change conveyancer
The Council for Licensed Conveyancers is pressing the Simplify group to reach a position where it can provide its files to clients who wish to change lawyer following the recent cyber-attack.
Consumer panel and Bar Council at odds over future of aptitude test
The evidence for abolishing the Bar course aptitude test is “compelling” as it has failed to achieve its purpose, the Legal Services Consumer Panel has said.
Tribunal: Barrister’s ‘fundamentally dishonest’ claim was not fraudulent
A barrister found to have brought a fundamentally dishonest personal injury claim was not disbarred after a tribunal did not accept that his case was actually fraudulent.
Solicitor who used client account like a “piggy bank” is struck off
A solicitor who plundered her client account to meet her personal financial obligations and her ex-partner’s car debts has been struck off by the Solicitors Disciplinary Tribunal.
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.
