FCA to start taking on AML oversight from 2028
The Financial Conduct Authority expects to start overseeing the anti-money laundering efforts of some lawyers “before the end of 2028”, the government has said.
Two more bolt-on deals for PE-backed Lawfront firms
Two of Lawfront’s group firms – Fisher Jones Greenwood and Farleys – have announced bolt-on acquisitions, taking the number of such deals since 2021 to 10.
Pogust Goodhead goes to court to retain control of dam case
Pogust Goodhead is seeking a court declaration that would deny the legality of the notice purporting to terminate its retainer for the Mariana Dam litigation.
Legal costs the wrong target for clinical negligence reform, MPs told
There is no radical ‘silver bullet’ solution to achieve “significant savings” in NHS clinical negligence compensation costs – but legal costs are not the real problem, MPs have been told.
Small firms join forces to step up compliance officer campaign
Small and medium-sized law firms opposed to rule changes on who can hold compliance officer rules have banded together to lobby both the SRA and Law Society.
Platform eyes ABS licence in bid to plug advice gap for renters
An online platform that provides free legal advice and assessments for renters has applied to the SRA to become an alternative business structure.
Partnership-based IP firms “will struggle to invest”
Intellectual property firms based on a partnership model “will struggle to invest what is needed for the long-term future”, the chief executive of global IP firm Rouse has predicted.
Sham marriages solicitor fails in bid to return to profession
A solicitor struck off in 2019 after being recorded by an undercover reporter advising on a sham marriage has failed in a bid to return to the profession.
Lawyers and funders to take £34m haircut in Google settlement
The lawyers and funders of a collective action against Google have agreed to accept payments totalling £100m, some £34m less than they are entitled to, to help settle the claim.
Veteran solicitor let hand-written accounts fall into chaos
A veteran solicitor who let his firm’s accounts fall into chaos, causing the SRA Compensation Fund to pay out £400,000 to his former clients, has been suspended from practice.
