Solicitors fined £30k for letting down property clients
Two solicitors have been fined more than £30,000 between them for not considering conflicts of interest and not acting in clients’ best interests.
LSB approves trebling of compensation fund contributions
The Legal Services Board has approved the big hike in contributions solicitors and firms have to make to the Compensation Fund just in time for the SRA to collect them.
Listed legal business’s share price crashes after gloomy results
Shares in listed legal services business RBG Holdings nearly halved in early trading this morning after it announced another 7% fall in turnover and a £5.7m loss for the first half of the year.
Fewer complaints about barristers’ use of social media
The number of reports to the BSB about barristers’ use of social media has unexpectedly fallen but an increasing proportion relate to “controversial social and political issues”.
New equality duty will not impact cab-rank rule, says BSB chief
The Bar Standards Board’s controversial proposal for new equality rules will not affect the cab-rank rule and will not lead to quotas, its director general said yesterday.
“Firms could close” – Law Society joins opposition to SRA fines plan
The Solicitors Regulation Authority’s needs to rethink the “potentially unlawful, confusing and flawed” proposals to update its fining regime, the Law Society said yesterday.
Court of Appeal blocks solicitors from reopening PPI claims
The Court of Appeal yesterday closed off claimant solicitors’ hopes of reopening payment protection insurance claims which they allege were undersettled.
Solicitor rebuked for failures in compliance roles at ABS
A solicitor who held all the compliance roles at an alternative business structure owned by a non-lawyer has been rebuked for multiple failures under his watch.
Private equity owner sells family law giant to global investor
The largest family law firm in the country, Stowe Family Law, has been sold by its private equity owner to a global investment giant entering the legal market for the first time.
Major chambers has suffered £2.75m theft, High Court reveals
A former credit control manager at a major London chambers has admitted to stealing £2.75m from the set over the past five years, it emerged in the High Court yesterday.
