News

Reduce AML officers’ billable targets, regulator tells firms

Firms should relieve lawyers who hold their anti-money laundering compliance roles of some of their fee-earning workload and consider appointing deputies too, the SRA has said.

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SRA and Law Society clash again over scrapping Solicitors Indemnity Fund

The Law Society has strongly attacked plans unveiled yesterday by the Solicitors Regulation Authority to scrap the Solicitors Indemnity Fund, which provides cover for post-run-off negligence claims.

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“No link” between price and quality of legal expenses insurance

The price and quality of legal expenses insurance are not correlated, a mystery shopping exercise by the Legal Services Board has found. It sees LEI as a way to tackle unmet legal need.

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Acting for both sides “may become the norm” in divorce work

A future where lawyers act for both sides of divorces as a matter of course and others exit regulation to offer a new kind of service has been sketched out by Resolution.

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Compensation fund pays out £600,000 to clients of dishonest solicitor

A solicitor whose misconduct has led to the SRA Compensation Fund paying out nearly £600,000 to his former conveyancing clients has been struck off.

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Leading firm vets clients for conflicts with social purpose

The law firm leading the new wave of firms balancing profit with social purpose has turned down “quite a lot” of potential clients for ethical reasons, its managing partner revealed last week.

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“We’re getting there,” says Simplify as client anger rages on

The majority of conveyancers at the Simplify group are now “back up and running on core systems, and actively working on cases”, it announced yesterday.

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Law firm ordered to pay £1,000 for employee’s “racist” comment

A law firm employee has been awarded damages of £1,000 after a colleague targeted him with a discriminatory comment based on his Pakistani heritage.

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Pure Legal was put into administration by secured creditors owed £6.4m

Two of the Pure Business Group’s main lenders placed the company into administration earlier this month – and they are likely to receive the £6.4m they are owned – it has emerged.

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Solicitor suspended for “dumping” hours on file to meet billing targets

A solicitor who “dumped” hundreds of hours of unjustified time on a largely completed file in a bid to meet his billing targets has been suspended for nine months.

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