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.
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.
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.
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.
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.
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.
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.
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.
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.
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.