Compliance & Regulation

A solicitor who allowed his law firm to flout the accounts rules while a director and compliance officer has been fined by the Solicitors Regulation Authority.

The sentencing of seven people involved in a money laundering network via Chinese underground banking is a valuable reminder to solicitors of its risks, the SRA has said.

Approval of the SRA’s application for the level of Compensation Fund contributions – which are set to soar this year – has been delayed for the first time ever, Legal Futures can report.

A partner who acted for both sides of a property transaction where there was a conflict of interest has been fined by the Solicitors Regulation Authority.

A disciplinary tribunal has sharply criticised the Bar Standards Board for how it approached the prosecution of a barrister who struggled to stay awake during an inquest.

Police want to speak to a solicitor struck off earlier this year over convictions for two ‘dine and dash’ incidents after she failed to answer bail over more allegations.

The Solicitors Regulation Authority has closed down four law firms this week, two of which were both consumer claim practices in Liverpool.

The High Court has refused to allow a struck-off solicitor to reopen vexatious litigation against the Law Society, Bar Council, senior judges, lawyers and many others.

Law firms are could have made as much as £1.3bn in interest on client money in 2022/23, it has been claimed amid scrutiny of what they pass on to clients.

A solicitor who asked clients at two different firms to pay fees into his personal bank account because he was in financial difficulties has been struck off.