Compliance & Regulation

A template letter for formally incorporating professional ethical obligations into an in-house solicitor’s employment contract was published yesterday by the Law Society.

A solicitor who acted for hundreds of women in vaginal mesh claims before his firm was shut down is to appear before the Solicitors Disciplinary Tribunal.

The SRA has handed out 50 fines totalling £575,000 for AML rule breaches in the last six months and promised to “ratchet up the consequences” for firms that still do not comply.

There was little support for a SRA proposal to reapportion contributions to the compensation fund so that individual solicitors pay more than firms, it has emerged.

A veteran barrister has been disbarred after a “prolonged period of incompetence” during which he operated from chambers condemned by the BSB as “disorganised and chaotic”.

The unexplained wealth order issued against the ex-wife of the struck-off solicitor behind the Axiom Legal Financing Fund fraud will investigate whether her home was bought with tainted funds.

The Solicitors Regulation Authority is working to activate its power to issue unlimited fines in cases involving economic crime, it has emerged.

CILEX has introduced the first formal recognition of paralegals after receiving Privy Council approval to amend its Royal Charter and introduce the title of CILEX chartered paralegal.

A former Eversheds Sutherland employee who created invoices for a pro bono matter he brought to the firm has been banned from the profession.

A “significant and sustained increase” in the number of reports about solicitor misconduct is fuelling the SRA’s plans for an £11m increase in its budget to £168m.