Dentons to face disciplinary tribunal over AML “failures”
The world’s largest law firm is to be prosecuted before the Solicitors Disciplinary Tribunal over alleged breaches of anti-money laundering rules.
MoJ increasing new fixed costs to reflect high rate of inflation
The Ministry of Justice is to increase the new fixed recoverable costs coming into force on 1 October to take account of the high rate of inflation, and is consulting on other changes.
It is also consulting on a range of further changes to the regime
“Risk of conflicting duties” in following SRA Proceeds of Crime Act guidance
Solicitors need to tread carefully in applying new Solicitors Regulation Authority guidance on the Proceeds of Crime Act as they could find themselves in conflict with existing obligations.
Law firm’s “implausible” €1.4bn claim against bank thrown out
The High Court has granted a leading bank summary judgment on an “inherently implausible” €1.4bn (£1.2bn) claim for an introduction fee brought by a US law firm.
Economic uncertainty “taking its toll” on lawyers
The state of the economy is “taking its toll” on lawyers, with 84% saying economic volatility and a “looming recession” are affecting their mental health, a report has found.
DWF board recommends accepting £342m offer for firm
The board of DWF, the only law firm listed on the main London Stock Exchange, has recommended shareholders accept the £342m offer from private equity house Inflexion.
PII premiums rises to be lower than last year, says Law Society research
Professional indemnity insurance premiums will rise again this year but by less than in 2022, when it was 12% across the market, Law Society research has predicted.
SRA probes dozens of firms over bulk compensation claims
The Solicitors Regulation Authority has been carrying out dozens of investigations into possible misconduct in bulk compensation claims, particularly around cavity wall insulation.
Drink-driving barrister cannot return to practice until “medically fit”
A barrister twice convicted of drink driving cannot return to practice for six months and only then with evidence that she is “medically fit”, a Bar disciplinary tribunal has decided.
City practice is first law firm to obtain ISO diversity certification
City firm CMS UK has become the first law firm to be awarded the new ISO 30415 diversity and inclusion certification, helping it to measure progress and decide what to focus on.
