SRA launches investigations into 10% of firms checked for AML compliance
More than 10% of law firms whose compliance with anti-money laundering rules was checked by the Solicitors Regulation Authority in the last year have been referred for investigation
Clerks “must play bigger role in fair work allocation”
Barristers’ clerks must step up and ensure that both work coming in and marketing efforts by chambers are done with an eye to equality in the way they are distributed, a seminar heard this week.
Listed law firm bosses continue to cash in
Senior staff at listed firm Keystone Law have sold £7m worth of shares in the last week as we look at the paper value of the main shareholders of various listed law firms.
Gateley launches £50m litigation fund as LCM reports “robust” results
Listed law firm Gateley has signed a deal with a US-based litigation funder for a £50m facility to back disputes, while funder LCM has announced “robust” results after a tricky year.
“Patronising” solicitor struck off for comments made to young women
A “patronising” solicitor who made multiple “racially, ethnically or religiously motivated comments” to young women at an event – whom he later accused of being ‘woke’ – has been struck off.
Regulators issue new standards to improve practice in coroner’s courts
The Bar Standards Board, the Solicitors Regulation Authority and CILEx Regulation have joined forces in a bid to improve the standard of practice in coroner’s courts.
Recruiter launches automated data tool for law firm mergers
A legal recruitment specialist has launched what is believed to be the first automated data tool for law firm mergers to speed up the early stages of due diligence.
Compensation funds could be “wiped out”, panel warns
The Legal Services Consumer Panel has warned that interim compensation funds put in place by two of the smaller legal regulators could be quickly “wiped out”.
Would-be pupil withdraws discrimination claim after tribunal ruling
An employment tribunal has refused to strike out a claim that a chambers discriminated against a pupillage applicant who had previous dealings with the QC who headed the pupillage committee.
SRA board to shrink to just nine members
Decisions on the regulation of solicitors will be made by just nine people from next year, the smallest the board of the Solicitors Regulation Authority has ever been.
