Compliance & Regulation
Rebuke for firm that acted on both sides without client consent
A law firm that acted on both sides of a conveyancing transaction without obtaining consent from the buyer has been rebuked by the Solicitors Regulation Authority.
Lawyers “should pay £150 levy to fund social welfare law”
Lawyers should pay a levy of £150 each through their practising fees to fund social welfare law, and there should also be a £30 levy on county court cases, an event heard yesterday.
Law Society warns SRA to tread carefully over compensation fund cash
The Law Society has warned the Solicitors Regulation Authority not to ask the profession to stump up millions to boost its compensation fund without consulting first.
CILEX regulator rejects “deskilled” advocacy warning over higher rights
The regulator of chartered legal executives has rejected warnings from barristers of a “deskilled” advocacy profession with a “third and lower tier”, if it goes ahead with granting higher rights of audience.
Barristers “need guidance from chambers on sanctions compliance”
Chambers need to have “mechanisms and guidance in place” to ensure their barristers are complying with UK sanctions, the Bar Standards Board has said.
LeO seeks £1.2m budget increase as complaints numbers rise
The Legal Ombudsman has proposed a 7% increase, or £1.2m, in its budget to nearly £18m next year, with delays at the complaints-handling body set to continue for longer than anticipated.
Sex offender given access to child’s data by law firm found in contempt
A convicted sex offender accidentally given access by a leading law firm to a vulnerable child’s confidential information has been found guilty of contempt for not complying with court orders to delete it.
Beringer: Firms must be publicly accountable for new client decisions
Commercial law firms must be prepared to publicly justify acting for controversial clients and not hide behind professional arguments like access to justice, ex-Allen & Overy senior partner Guy Beringer has said.
Solicitors “have more positive view of their services” than consumers do
There are “several discrepancies” between the quality of the service solicitors believe they are providing and what consumers perceive, research for the SRA has found.
Law firms each fined £12,000 for AML failures
The Solicitors Regulation Authority has fined two law firms over £12,000 each for anti-money laundering failures, one having accepted source of funds confirmation from a Ukrainian law firm.
Majority of law firms still failing to follow price transparency rules
Nearly six in 10 law firms are failing to publish the full cost and service information required by the transparency rules, a report for the Solicitors Regulation Authority has found.
Solicitor who practised unauthorised for son’s business is suspended
A solicitor who practised unauthorised and handled reserved probate work for a company owned by her non-solicitor son after her firm closed has been suspended for three months.
Court refers lawyers to regulators over misconduct in $11bn arbitration
A High Court judge has referred a solicitor and a barrister to their regulators for “indefensible” conduct, motivated by money, that contributed to his decision to overturn an $11bn arbitration award.
SRA makes pitch to be sole AML supervisor for UK legal sector
The Solicitors Regulation Authority has called on the government to make it the sole supervisor of anti-money laundering activity by all lawyers.
BSB could publish assessments of chambers and encourage mergers
The Bar Standards Board has floated the idea of publishing assessments of individual chambers as part of a new supervision strategy and encouraging smaller ones to bulk up through merger.
Blog
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Reports
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