Compliance & Regulation
SRA to beef up AML monitoring of law firms
The Solicitors Regulation Authority is to beef up its monitoring of firms’ anti-money laundering efforts and begin a review of continuing competence, its draft 2020/21 business plan has revealed.
SRA: Firms can prolong extended PII cover with agreement
Law firms unable to secure professional indemnity insurance because of Covid-19 can prolong the extended indemnity period by agreement and with regulatory approval.
Law firm facilitated £8m “cheque-clearing scheme”
An experienced solicitor who allowed her firm’s client account to be used as a banking facility in a £8m “cheque-clearing scheme” has been struck off.
Court of Appeal upholds law firm’s Chinese wall
A law firm acting for different defendants against the same claimant does not owe that claimant a true fiduciary duty, and so it does not have to prove its Chinese Wall works, the Court of Appeal has ruled.
Solicitor cleared over alleged confidentiality breach
A solicitor accused of disclosing to a client confidential information about a former client has been cleared of wrongdoing by a disciplinary tribunal.
Junior lawyers “lose confidence” in SRA after Matthews case
Junior lawyers have lost confidence in the Solicitors Regulation Authority’s approach to dealing with inexperienced solicitors who have mental health issues or worked in toxic environments.
Solicitor struck off for sub-letting council home
A solicitor convicted of illegally subletting his council flat knew “right from wrong” despite ill health and personal problems, the Solicitors Disciplinary Tribunal has found.
Partners fined for sitting on almost 1,000 residual balances
Four partners in a Welsh law firm have been fined for sitting on 979 residual balances, totalling over £468,000, for “lengthy periods of time” and where there had been no activity for six months.
SRA paralegal banned after child offences conviction
A paralegal who was working at the Solicitors Regulation Authority has been banned from the profession after being jailed for online sexual offences involving children.
Solicitor who lied about lost documents to appeal strike-off
A former junior solicitor who was struck off after lying about losing documents she was working on while acting for the Solicitors Regulation Authority, is appealing against the decision.
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
