Compliance & Regulation

Relationships with litigation funders are destabilising some high-volume consumer claims law firms, the Solicitors Regulation Authority has warned.

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.

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 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.

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.

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.

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.

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.

The Solicitors Regulation Authority’s investigation into the former lawyers of Russian warlord Evgeny Prigozhin was “supine”, a leading media lawyer has argued.

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.