Compliance & Regulation
Quality of AML reports from solicitors “getting worse”
The quality of one of the two main kinds of anti-money laundering reports made by solicitors has got significantly worse, a senior manager at the National Crime Agency said yesterday.
Commercial property solicitor’s “outrageous failure” leads to strike-off
A solicitor whose conduct of several property transactions has triggered multi-million-pound negligence claims against his former firm has now been struck off.
PII market “only getting harder” after 17% premium increase
The market for professional indemnity insurance is likely to continue to worsen but future premium rises should not be at the average of 17% seen this autumn, a leading broker has predicted.
Solicitor ordered to repay small part of legal aid fraud proceeds
A solicitor and her partner who defrauded a law firm and the Legal Aid Agency of almost £95,000 in a translation scam will have to repay just £5,584, a court decided last week.
Solicitor “proud” to have run £3.4m loan scheme with client cash
A solicitor who loaned £3.4m from clients’ estates and private lenders to other clients and “known individuals” – a broking operation he had carried out for decades – has been struck off.
High Court overturns “flawed” SDT decision to clear solicitor
The Solicitors Disciplinary Tribunal “fell into serious error” in finding no case to answer against a solicitor accused of making a fraudulent costs claim, the High Court has ruled.
“Reckless” conveyancer agrees to leave profession
A “reckless” solicitor who admitted registering properties with the wrong purchase price and failing to carry out anti-money laundering checks has agreed to leave the profession.
SRA sees small firm practitioners as “easy targets”
The SRA has come under fire for how it deals with sole practitioners and solicitors at small firms, with the chair of the Society of Black Lawyers saying they were seen as “easy targets”.
Suspended solicitor who “went too far” is struck off
A solicitor who admitted that he “had gone too far and had done too much” by practising while suspended has been struck off, while his supervising partner has been suspended.
Public does not “fully understand” role of SRA
Members of the public still do not “fully understand” the role of the Solicitors Regulation Authority and leads to complaints about its service, the organisation’s independent reviewer has found.
Womble Bond partners fined over client account failures
A former partner at Womble Bond Dickinson has been fined for using the firm’s client account as a banking facility, as has a current partner who unwittingly took over after he left.
Solicitor used ‘rubber’ cheques to hide client money misuse
A solicitor who moved client funds around different accounts to hide the money he was taking for himself – and caused pay-outs from the SRA Compensation Fund – has been struck off.
SRA “may not allow” firms to recharge cost of negative interest rates
The Solicitors Regulation Authority may not allow solicitors to pass on to clients the cost of holding their money if negative interest rates become a reality, an official has suggested.
“Genius” solicitor struck off after threatening to “end the SRA”
A solicitor has been struck off after trying to intimidate an officer from the Solicitors Regulation Authority by saying he was “genius level talent” who would sue the officer and “end the SRA”.
Insurer fails in aggregation argument over partner’s multi-million pound thefts
The High Court has refused to aggregate as one claim various actions a Yorkshire law firm’s indemnity insurer is facing because of a multi-million pound fraud run by one of its partners.
Blog
The trade-off mid-sized firm partners think they’re making
Most of the partners I talk to describe the same tension. They want the firm to run efficiently and hit its numbers, but they also want their people to feel supported, developed and fairly treated.
Communication as the core of client care in conveyancing
How a conveyancer approaches client care – particularly in relation to communication – can be the greatest differentiator for the success of a conveyancing firm.
Why brilliant lawyers sometimes fail
A question that often strikes a chord with partners in law firms is this: why is it that individuals who excel in one role sometimes struggle when promoted into another?
Reports
Associates
