SRA: Law firms continuing to hold client money “not inevitable”
The Solicitors Regulation Authority has dropped its biggest hint so far that it could initially restrict and ultimately end solicitors holding client money.
Lawtech firm launches “world-first” insurance guarantee for GenAI
A lawtech company that offers generative AI-driven title checking for property transactions has launched a groundbreaking insurance-backed accuracy guarantee for its product.
Regulators’ efforts to improve standards in coroners’ courts stalling
A cross-regulator effort to improve the standard of practice in coroners’ courts has had limited effect, the first evaluation of the initiative has found.
Shares in PI group fall sharply after profit warning
Shares in NAHL – the AIM-listed personal injury group – fell by 15% yesterday after it warned that revenue and profit this year would be “significantly lower than previously expected”.
Firms face new rule to publish price information for all services
Law firms regulated by CILEx Regulation could become the first – but not the last – required to publish price and service information for all the legal services they provide.
High Court allows McKenzie Friend to exercise rights of audience
A High Court judge has allowed a McKenzie Friend to exercise rights of audience in supporting a defendant facing an order that could lead to a jail sentence for contempt being activated.
£10k fine for solicitor who amended transfer without client consent
A solicitor who amended and lodged a property transfer without her client’s knowledge or consent has been fined £10,000 by the Solicitors Regulation Authority.
Third-party funder paid €26m for backing disputed arbitration award
A third-party funder has been paid €26m (£22m) after its client monetised a disputed arbitration award that it backed. The Republic of Italy, the defendant, is currently trying to annul the decision
SRA fails in appeal over solicitor cleared of AML breaches
The High Court has upheld a ruling by the SDT that a solicitor’s errors in conducting due diligence for anti-money laundering purposes did not amount to professional misconduct.
Scottish solicitors to vote on ditching support for ABSs
Solicitors in Scotland will tomorrow vote on whether to oppose government plans to push ahead with alternative business structures.
