Compliance & Regulation
SRA: Claims firms “destabilised” by litigation funding deals
Relationships with litigation funders are destabilising some high-volume consumer claims law firms, the Solicitors Regulation Authority has warned.
Tribunal warns solicitors of dangers when acting for family
The Solicitors Disciplinary Tribunal has warned solicitors of the dangers of acting for family members after fining one who preferred his wife in the distribution of an estate.
Settlement agreement legal fees part of NDA problem, MPs told
The money employers have to pay employees for legal advice on settlement agreements is not enough to deal with the NDAs they routinely include, MPs were told yesterday.
Law firms urged to put ethics at heart of deciding who to act for
Law firms should adopt a ‘legitimate provenance of wealth test’ when taking on clients as part of an ethics-based approach that goes beyond legal or regulatory tests.
Solicitor suspended after client’s millions pass through bank account
The first solicitor prosecuted for ‘tipping off’ a client about a money laundering investigation has now been suspended for allowing a client to use his firm’s account as a banking facility.
DDJ resigned before she could be removed from office
A deputy district judge who took nearly three years to hand down a judgment would have been removed from office had she not resigned, according to the Judicial Conduct Investigations Office.
Legal regulators have “key role” in improving access to justice
Innovation sandboxes, mandatory regulation of paralegals and new sources of funding – like interest on client accounts – are among ideas of how regulation can improve access to justice.
Law Society and Bar Council criticise performance of regulatory arms
Both the Law Society and Bar Council have criticised their regulatory arms over the LSB’s assessment that their performance was inadequate and needed urgent improvement.
SRA investigation into Prigozhin lawyers was “supine”
The Solicitors Regulation Authority’s investigation into the former lawyers of Russian warlord Evgeny Prigozhin was “supine”, a leading media lawyer has argued.
SRA and BSB in the dock over inadequate performance
The two largest legal regulators – the SRA and BSB – are the only ones to fail their performance assessments over the past year, the Legal Services Board revealed today.