Pioneering listed law firm and staff reap rewards
The country’s first listed law firm will continue to diversify its offering, it said today as it unveiled a strong set of half-year results that showed how partners and staff are benefiting too.
Solicitor fined for acting in conflict of interest
A solicitor who acted where there was a real conflict of interest and paid out almost £6m from buyer clients before they had obtained any security in the flats they were hoping to buy, has been fined.
Firms “risking financial ruin” over SRA prosecutions
Law firms assume – wrongly – that their professional indemnity insurance covers them if they are investigated or prosecuted by the Solicitors Regulation Authority, research has warned.
£1.2m lost after solicitor duped by bogus fee-earner
A solicitor who was duped into employing a bogus solicitor, who then facilitated a £1.2m conveyancing fraud, has been struck off. The fee-earner stole the identity of a genuine solicitor.
Barristers to lose out from Iraq claims firm’s liquidation
Barristers instructed by now-defunct Birmingham law firm Public Interest Lawyers are set to lose out significantly from its liquidation, although its collapse may yet spark legal action.
Blacker handed suspended sentence for benefit fraud
Alan Blacker, also known as Lord Harley and one of the most talked-about solicitors of recent years, has today received a suspended prison sentence for benefit fraud.
New ABS aims to improve on fee-share model
The founders of a new consultant-led law firm are aiming to challenge not only the traditional law firm model but also the current fee-share models which have evolved over recent years.
Email scam solicitor used client money to refurbish offices
A solicitor who used £80,000 of client money to refurbish her offices – and paid out another £165,000 of client money after falling victim to two email scams – has been struck off.
SRA offers reassurance over short deadline for AML changes
The Solicitors Regulation Authority will take into account the short period of time law firms have had to comply if they fall foul of today’s new anti-money laundering rules, it has said.
City firms risk breaking rules with onshore centres
City firms with ‘onshore’ offices in cities such as Belfast and Manchester are breaking professional rules by not making it clear to clients where the work is being done, groundbreaking research has suggested.
