Compliance & Regulation
Is AML move the first step towards single legal regulator?
The government’s decision to rationalise the oversight of AML supervision could be a precursor to the entirety of legal regulation, a leading practitioner has suggested.
KC: Regulators should promise no action over pre-Mazur breaches
Regulators should assure non-authorised people who may have inadvertently conducted litigation as found by Mazur that they will not face criminal prosecution or disciplinary action.
SDT removes restrictions on solicitor turned compliance consultant
The Solicitors Disciplinary Tribunal has removed restrictions on a solicitor who, after being suspended for three years, became a compliance consultant.
SRA: Client account “still on reform agenda”
The Solicitors Regulation Authority has not kicked changes to client account – and the interest solicitors earn on it – into the long grass, its chair warned solicitors yesterday.
Legal regulators unhappy at loss of AML role to FCA
Regulation by the Financial Conduct Authority for anti-money laundering will feel “very different” for law firms, the Solicitors Regulation Authority’s chief executive has predicted.
Philip: I thought about resigning in wake of SSB report
The chief executive of the Solicitors Regulation Authority said yesterday that he did consider resigning in the wake of the report on SSB Law but decided that “it wasn’t the right thing”.
Mazur “the inadvertent result” of Legal Services Act drafting
The Mazur ruling likely came about because the Legal Services Act 2007 inadvertently failed to codify what had been custom in the legal profession for a long time, two experts have argued.
FCA to take over anti-money laundering supervision of all lawyers
The Financial Conduct Authority is to take over responsibility for supervising lawyers’ anti-money laundering activities, the government announced today.
“Cowardly” solicitor lied to client about claim for over 10 years
A self-confessed “cowardly” solicitor who lied to a client for more than 10 years after her medical negligence claim was thrown out has been struck off.
“Decisive reform” needed to restore public trust after SSB scandal
The collapse of SSB Law and the SRA’s failures in supervising it demand “decisive reform” to restore public confidence, the Legal Services Consumer Panel has warned.
SSB: SRA under pressure from profession and victims
Accountability for the Solicitors Regulation Authority’s failures in its supervision of SSB Law “must go further”, the group representing its former clients has said.
Struck-off solicitor now jailed for £400,000 theft from two law firms
A struck-off solicitor and former deputy district judge who defrauded his clients at two law firms of nearly £400,000 over the course of 17 years has been jailed for four years.
“We messed up” – apologetic SRA to be censured for SSB failures
The Solicitors Regulation Authority has apologised for failures in its oversight of SSB Law and is set to be censured for them by the Legal Services Board.
SSB report: What went wrong and how to avoid a repeat
We summarise the key findings of the Carson McDowell report into the SRA’s handling of SSB and the recommendations it makes to avoid a repeat.
SSB report: The timeline of missed opportunities
At the heart of the report into the SRA’s handling of SSB Law is the argument that the regulator missed opportunities to act earlier. This is what happened and when.
Blog
What LeO’s data tells us about client service in personal injury
With court backlogs, insurer delays and increasingly complex cases, maintaining client care in personal injury work can be difficult, but the data suggests the industry is falling short.
Your landlord clients have prepared for the wrong law
Lawyers advising major landlords and build-to-rent operators have spent the better part of a year on the Renters’ Rights Act. A good deal of that advice has been aimed at the wrong risk.
Your website is losing clients before they even pick up the phone
Your website visitor is likely already carrying stress before they arrive. If your site adds to it rather than relieves it, you have likely lost a prospective client.
Reports
Associates
