Difficult year for Law PLC, with most firms seeing share prices dive
Acquisitive regional practice Knights was the only listed law firm to defy the Covid gloom and end 2020 with its share price higher than where it began, a Legal Futures analysis has shown.
SRA ordered to pay solicitor costs over botched prosecution
A tribunal has ordered the Solicitors Regulation Authority to pay a solicitor £22,500 in costs after ruling that many of the allegations made against him were not properly brought.
Leading firms fined for accounts rules breaches
Two well-known law firms have accepted fines from the SRA – one for allowing its client account to be used as a banking facility and the other for holding disbursements in its office account.
Firm sues former lawyers for causing its financial failure
A claim by a law firm owner who alleges that the departure of four lawyers to another practice caused his firm’s administration has come out into the open in the High Court.
Struck-off solicitor receives pardon from President Trump
A solicitor struck off for making false statements to the Mueller inquiry into alleged Russian involvement in the election of US president Donald Trump has received a presidential pardon.
SRA and CLC given clean bill of regulatory health
The Solicitors Regulation Authority and Council for Licensed Conveyancers have been given a clean bill of health by the Legal Services Board in its latest assessment of regulators’ performance.
Search organisations set out insurance rules for conveyancers
The body that represents property search companies has written to conveyancers’ representatives to set out ground rules for using search insurance at a time when councils are struggling to deliver.
Expert group lists worries about impact of whiplash reforms
A group of claimant and defendant representatives and judges has outlined a range of concerns about next year’s whiplash reforms, including claims management companies exploiting injured people.
“Hundreds of millions” of pounds laundered through conveyancers
It is likely that criminals launder “hundreds of millions” of pounds with the inadvertent aid of conveyancers across the UK, the government has warned. London litigation firms are also being targeted.
High Court rejects solicitor’s appeal against strike-off
The High Court has rejected an appeal from a solicitor struck off for persuading a vulnerable client to pay £4,700 into her personal bank account.
