Compliance & Regulation
Court quashes part of LeO’s £51,000 award against law firm
The Legal Ombudsman was wrong to find that a law firm failed to adequately assess a client’s capacity and should pay her £15,700 in compensation, the High Court has ruled.
Barristers “should tell chambers and regulator” about complaints
Barristers will be required to inform both their chambers and their regulator about the complaints they receive, under plans published yesterday by the Bar Standards Board.
LSB lays out actions for SRA to avoid another Axiom Ince
The Solicitors Regulation Authority has been given statutory directions to address the multiple failures in its oversight of Axiom Ince.
Law firm fined £120,000 for 15 years of AML failures
A Southend law firm that failed to comply with anti-money laundering rules for more than 15 years has been fined £120,000 by the Solicitors Disciplinary Tribunal.
Solicitor struck off for allowing use of closed firm’s client account
A solicitor who allowed his firm’s client account to facilitate a suspicious £1.1m property transaction 20 months after it had closed has been struck off.
Bar regulator drops plan for controversial new equality duty
The Bar Standards Board has ditched its controversial proposal to require barristers to “act in a way that advances equality, diversity and inclusion”.
‘TikTok’ lawyer faces money laundering charges
A high-profile Birmingham solicitor, dubbed the ‘TikTok lawyer’ for his activity on the social media network, has been charged with money laundering offences.
High Court rejects bias claim against SDT panel chair
The High Court has rejected claims of bias against the chair of a Solicitors Disciplinary Tribunal panel made as part of long-running proceedings against a major City law firm.
Solicitor “used one bankruptcy to camouflage another”
A veteran solicitor who used the existence of his first bankruptcy in 1993 to “camouflage the existence” and the need to report his second in 2014 has been struck off.
Zahawi solicitor “ignored” regulatory duties with email
The solicitor for former Conservative MP Nadeem Zahawi either “ignored or dismissed his regulatory responsibilities” in trying to stop publication of an email he sent, the SDT has decided.
Ex-solicitor cited fake cases in bid to appeal strike-off
The High Court has refused to extend time for a former solicitor to appeal against being struck off in 2017 and in any event struck out the grounds for citing 25 non-existent cases.
“Not improper” for barrister to compare Israel with Nazi Germany
A barrister acted within professional boundaries in arguing that comparing Israel with Nazi Germany was not inherently antisemitic, the High Court has ruled – although his client’s tweets doing so were.
SRA hands out record £4m fine to non-lawyer owner of failed firm
The Solicitors Regulation Authority has imposed its largest-ever fine, just shy of £4m, on the former non-solicitor owner of collapsed law firm Kingly Solicitors.
High Court upholds strike-off for solicitor’s antisemitic tweets
The High Court has upheld the decision to strike off a solicitor over tweets on Israel and Palestine, saying they showed “unvarnished antisemitic racism”.
In-house solicitors’ contracts should “incorporate ethical rules”
A template letter for formally incorporating professional ethical obligations into an in-house solicitor’s employment contract was published yesterday by the Law Society.
Blog
Strong AML controls are meaningless with incomplete data
One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.
Navigating the legal AI productivity-profitability paradox
Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes
Regulation, growth and access to justice: why legal services need a reset
Well-intentioned consumer protections embedded in the regulation of legal services increasingly act as barriers to innovation, competition and access to justice.
