Solicitors
Solicitors fined for failing to prevent £3.3m property fraud
Two directors of an alternative business structure have been fined for not supervising a branch office where a fellow director and a bogus solicitor carried out a £3.3m property fraud.
SRA fines six firms for failing to provide AML compliance declaration
The Solicitors Regulation Authority has published details of fines levied against six law firms for failing to confirm in time that they had a compliant anti-money laundering firm-wide risk assessment.
Solicitor who charged £9,000 for doing nothing is struck off
A solicitor who charged a client’s estate fees of over £9,000 during a period of “complete inactivity” has been struck off. He was both its executor and residuary beneficiary.
Solicitor suspended for “complete dereliction of duty”
A solicitor who held nearly 1,500 historical client balances and whose failure to remedy accounts rule breaches was described as a “complete dereliction of duty”, has been suspended for two years.
Solicitor deceived Claims Direct into paying him £9.75m, judge rules
Colin Poole, the solicitor boss of Claims Direct, deceived the company into paying him £9.75m when he failed to deliver on a promise to divest his interest in his law firm, the High Court has ruled.
Review to probe impact of Post Office scandal on lawyer regulation
A probe into the lessons of the Post Office scandal for corporate governance, criminal justice and lawyer regulation has been launched and will push regulators to effect change.
SRA to follow FCA on capping claims management fees
The SRA is to follow the approach of the Financial Conduct Authority when capping the fees law firms charge for financial services claims management work – and will leave personal injury work alone for now.
£10m paid out last year to victims of solicitors’ dishonesty
The SRA Compensation Fund paid out more than £10m to the victims of solicitors’ financial dishonesty last year, a 37% increase on the previous 12 months, new figures have shown.
SRA formally begins life as a separate corporate entity
The board of trustees and directors of Solicitors Regulation Authority Ltd met for the first time last week after agreeing the transfer of £9m in assets to the new company from the Law Society.
Ban for law firm revenue controller who diverted payments to own bank account
A law firm revenue controller given a suspended jail sentence after diverting £32,000 in payments meant for suppliers to his own bank account has been banned from working in the profession.
SRA keeps SIF open in face of hardening insurance market
A hardening indemnity insurance market and pressure from the Law Society have persuaded the Solicitors Regulation Authority to keep the Solicitors Indemnity Fund open for a further year.
Solicitors fined for allowing firm to take on work beyond expertise
Two solicitors have been fined for allowing their firm to take on work in areas where they had no experience and accepting client money when it did not have a client account.
SRA eyes pilot to promote greater unbundling of legal services
The Solicitors Regulation Authority is planning a pilot with other legal regulators on how to extend the use of unbundling as evidence showed it could save consumers up to 50% in fees, it has emerged.
Ex-client used fake threat to sue solicitor to obtain information
Correspondence between solicitors involving “an element of deception” as to its real purpose can be covered by litigation privilege, the High Court has ruled.
LSB eyes accreditation scheme for comparison websites
The Legal Services Board is set to recommend an accreditation scheme for review and comparison websites as take-up among both law firms and consumers continues to rise.