Market intelligence for law firms of the future
Solicitors
Big firms share LGBT knowledge in SRA mentoring scheme
Small and medium-sized law firms will get free help and advice from some of the biggest firms in the country on how to become more inclusive employers under a pilot scheme launched this month by the Solicitors Regulation Authority.
April 24th, 2018
Ethics expert calls on SRA to take tougher approach to NDAs
The Solicitors Regulation Authority needs to take a tougher approach to non-disclosure agreements, a leading legal ethics expert has told MPs. Professor Richard Moorhead linked the issue to a wider approach to ethics among solicitors that he described as “minimalistic professionalism”, including wrongly seeing the client’s interests as paramount.
April 19th, 2018
Solicitor “abrogated any responsibility” for firm’s finances while partner used money to fund gambling habit
A solicitor who “abrogated any responsibility” for her firm’s finances, allowing her fellow partner to take £512,000 from its accounts over five years to feed his gambling habit, has been fined £20,000 by the Solicitors Disciplinary Tribunal. She argued that he “deliberately concealed” his misconduct from her.
April 18th, 2018
Marketing chief who took referral fee kick-backs banned from profession
The head of marketing at a firm that took money from the scandal-hit Axiom Legal Financing Fund has been banned from working in the profession after he accepted kick-backs from referral fees paid with Axiom money.
April 17th, 2018
LSB bids to allay MPs’ concerns after rejecting their plea to hold back on SQE decision
The interim chair of the Legal Services Board has explained to MPs on the justice select committee why the oversight regulator rejected their plea to postpone a decision on the Solicitors Qualifying Examination. The committee called on the board to defer its decision for six months.
April 16th, 2018
SRA unveils new rules for waivers and ‘safe space’ to promote innovation
The Solicitors Regulation Authority is to simplify its system for granting waivers to regulations in order to promote innovation. It is also formalising its ‘innovation space’, which it describes as a “safe space” which allows firms with novel ideas that may push the boundaries of the current rules to test them in a controlled way.
April 13th, 2018
Solicitors struck off for role in major motor insurance fraud
Two solicitors have been struck off for their role in an insurance fraud that cost victims £426,000. They were the first solicitors caught by the City of London Police Insurance Fraud Enforcement Department, and the Solicitors Disciplinary Tribunal said both had been “motivated by greed”.
April 9th, 2018
Law firms “overcharging” PPI clients, says SRA as it warns against use of standard letters
Law firms handling claims over mis-sold payment protection insurance are charging clients more than both the level the Solicitors Regulation Authority deems reasonable and the cap that will shortly be imposed on them by government, research by the regulator has found. It also criticised the use of standard letters, which will resonate in other process-driven areas of law.
April 6th, 2018
Indemnity insurance reforms “will damage small firms”
Indemnity insurance reforms put forward by the Solicitors Regulation Authority last month will damage the small firms the regulator is trying to help, a specialist law firm has warned. Legal Risk LLP attacked SRA plans aimed at reducing the burden of indemnity insurance.
April 4th, 2018
Grenfell Tower council’s legal budget tops £5m
The local authority budget for specialist legal advice and IT connected with the criminal investigation and public inquiry into the Grenfell Tower fire has been increased to £5m. The Royal Borough of Kensington and Chelsea approved the new figure at a raucous council meeting. Most will go to law firm DWF LLP.
April 4th, 2018
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Associate News
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