Compliance & Regulation
SRA to “ratchet up” AML blitz after £575,000 of fines in six months
The SRA has handed out 50 fines totalling £575,000 for AML rule breaches in the last six months and promised to “ratchet up the consequences” for firms that still do not comply.
SRA decides against changing who pays for compensation fund
There was little support for a SRA proposal to reapportion contributions to the compensation fund so that individual solicitors pay more than firms, it has emerged.
Veteran barrister disbarred after “prolonged period of incompetence”
A veteran barrister has been disbarred after a “prolonged period of incompetence” during which he operated from chambers condemned by the BSB as “disorganised and chaotic”.
UWO will investigate how jailed ex-solicitor’s wife bought house
The unexplained wealth order issued against the ex-wife of the struck-off solicitor behind the Axiom Legal Financing Fund fraud will investigate whether her home was bought with tainted funds.
SRA to revise fining guidance on economic crime and drink driving
The Solicitors Regulation Authority is working to activate its power to issue unlimited fines in cases involving economic crime, it has emerged.
Paralegals receive formal recognition with CILEX ‘chartered’ title
CILEX has introduced the first formal recognition of paralegals after receiving Privy Council approval to amend its Royal Charter and introduce the title of CILEX chartered paralegal.
Eversheds staffer created invoices for pro bono case
A former Eversheds Sutherland employee who created invoices for a pro bono matter he brought to the firm has been banned from the profession.
SRA seeks extra £11m as complaints about solicitors soar 20%
A “significant and sustained increase” in the number of reports about solicitor misconduct is fuelling the SRA’s plans for an £11m increase in its budget to £168m.
Legal Services Board ratchets up pressure over BSB performance
The Bar Standards Board is not improving its performance with “sufficient urgency or pace”, the oversight regulator has concluded.
Judge condemns lawyers who produced “fake citations” to court
The High Court has ordered that a barrister and the solicitors who instructed her be referred to their regulators after providing five fake case citations in their pleadings.
Mahmood: SSB and Axiom Ince show need for Legal Services Board
The collapses of SSB Law and Axiom Ince indicate a continuing need for the Legal Services Board despite the government’s focus on cutting red tape, the Lord Chancellor said last week.
Rebuke for solicitor who made baseless perjury threat
A solicitor who emailed an opposing litigant after they instructed lawyers and made baseless threats of perjury against them has been rebuked.
SDT rejects solicitor’s “meritless” appeal over undertaking breach
The Solicitors Disciplinary Tribunal has rejected an appeal by a solicitor against a fine of £7,500 imposed on him by an SRA adjudication panel, describing it as having no merit.
Jail for property solicitor who defrauded own firm of £160k
A long-serving property solicitor who defrauded a Hereford law firm out of £160,000 by diverting disbursement payments into her own bank account has been jailed for 30 months.
Judge overturns suspension of barrister who lied to client about papers
It was “clearly inappropriate” for a Bar disciplinary tribunal to suspend a barrister who lied to a direct access client over papers that were accidentally destroyed by his chambers.
Blog
Is your Google Ads budget funding your competitors’ AI visibility?
If your cost-per-click has crept up again this year, you’ve probably assumed the market simply got more expensive. That’s the wrong way to read what’s happening.
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
When AI adoption goes wrong, costs add up fast
City AM recently reported that London is fighting to claim the title of ‘global capital of legal AI’. However, it’s crucial we remember that adoption alone does not create value.
