Compliance & Regulation
MPs urged to support review of Legal Services Board
MPs were last week asked to support a review of the Legal Services Board after the chair of the Bar Council said the oversight regulator had refused to agree to one.
Court refuses to unfreeze struck-off solicitor’s ‘client account’
A struck-off solicitor still advising clients on legal matters has failed to obtain an injunction to compel a bank to unfreeze his account over questionable payments he received from abroad.
Fine for solicitor who acted for both property developer and investor
A solicitor who acted for a property investment company and an investor has been fined just over £9,000 for breaking conflict of interest rules.
“Reckless in the extreme” law firm directors struck off
Two law firm directors who used nearly £650,000 in legal aid disbursement payments to prop up their firm, before it went bust owing other creditors a further £1.1m, have been struck off.
Suspended sentence for solicitor who tipped off client about SFO probe
The first solicitor ever prosecuted by the Serious Fraud Office for ‘tipping off’ a client about a money laundering investigation has been handed a suspended prison sentence.
Nearly half of Bar students now from ethnic minority backgrounds
Nearly half of UK students on the Bar training course are now from ethnic minority backgrounds, compared to a quarter a decade ago, according to new figures.
Some lawyers’ conduct poses “significant risk to the rule of law”
Lawyers can sometimes be “too inclined” to act unethically or use a “mistaken” adherence to an overly narrow view of the rule of law to justify questionable conduct, major new research has said.
Axiom Ince: SRA receives £33m in client claims but no in-year call for funds
The Solicitors Regulation Authority has decided against making an unprecedented mid-year call on the profession to bolster its Compensation Fund in wake of Axiom Ince’s collapse.
Law firms “continue to threaten” journalists despite SRA warnings
Libel law firms continue to mislead journalists and others that their letters cannot be published and the SRA needs to act, high-profile tax lawyer Dan Neidle said yesterday.
Solicitor MP clashes with CILEX leaders over regulatory reforms
A solicitor MP yesterday clashed with the leaders of CILEX over the body’s planned reforms, including using the title ‘chartered lawyer’ and creating chartered paralegals.
Solicitor rebuked for baseless threat to prosecute law firm
A solicitor who threatened another law firm with criminal proceedings if it did not settle a negligence claim, when in reality that would not happen, has been rebuked by the SRA.
“Shamelessness” of SLAPPs has grown but still no disciplinary action
The number and “shamelessness” of SLAPPs has grown but there has been no disciplinary action against the lawyers responsible for how they are run, a major conference heard yesterday.
Reprimand for barrister who gave magistrates a Nazi salute
A veteran barrister who used a German accent during proceedings before magistrates and raised his hand to the bench in a Nazi salute, has been reprimanded by a Bar disciplinary tribunal.
Leading firm fined £101,000 for anti-money laundering failures
A leading South-West law firm has been fined £101,357 for failing to act over money laundering red flags on three property transactions, two of which may have involved a sanctioned entity.
Legal Services Board eyes 14% increase in budget
The Legal Services Board is considering a 14% increase in its budget in a bid to strengthen its “direct oversight” of the frontline regulators’ performance.
Blog
Legal director: an alternative to partnership
Firms are increasingly acknowledging the need for alternative senior roles – positions that offer influence and recognition without the obligations of ownership.
It’s time for law firms to ask tougher questions
For years, many law firms have treated ID verification as a box-ticking exercise. Run a liveness check, match a face to a document and move on. But that is no longer good enough.
Business fatigue to AI will risk job security
Whilst we know professional learning has always been part of career paths, to hire, retain and keep talent, AI needs to be embedded as a core part of this training.
