Solicitors
Principles for lawyers dealing with offshore structures published
International standards for lawyers advising on offshore commercial structures have been put forward at the same time as parliamentarians called for stronger laws on foreign ownership of UK property.
Solicitor struck off for weaving elaborate “web of deception”
An experienced partner has been struck off after dishonestly drawing on hundreds of thousands of pounds of client money to top up private investments, and then covering it up with fake documents.
Solicitor’s “atrocious” conduct over child contact case condemned
The Solicitors Disciplinary Tribunal has struck off a solicitor whose conduct in a sensitive child contact case it described as “atrocious”. He was “motivated by his desire to cover up his incompetence”.
Solicitor “paid £1.5m in salaries from client account”
The boss of a high street law firm who paid over £1.5m in staff salaries from client account over more than five years has agreed to leave the profession. She blamed salary software for what happened.
“Too kind” solicitor struck off for backdating EPA to save client money
An experienced solicitor who tried to save an elderly client the cost of updating her power of attorney by dishonestly purporting to have witnessed it seven years earlier, has been struck off.
Law firm central to scheme that lost ‘hotel room’ investors £52m
A dubious ‘hotel room’ investment scheme involving a law firm cost nearly 900 investors up to £52m, a decision of the Solicitors Disciplinary Tribunal has revealed.
Nally speaks out against greater fining powers for SRA
The president of the Solicitors Disciplinary Tribunal has outlined his opposition to the Solicitors Regulation Authority’s campaign for greater powers to fine errant solicitors.
SDT president warns over “venting spleen” on social media
The president of the Solicitors Disciplinary Tribunal has warned practitioners that they cannot just “vent their spleen” on social media with impunity without risking consequences for their careers.
SRA investigates 26 law firms in money laundering crackdown
The SRA has referred 26 firms offering trust and company services to its disciplinary team after a review said a “significant minority” of practices were failing to do enough to tackle money laundering.
Exclusive: Pressured young solicitors “need courage to walk away”
Young solicitors who find themselves in toxic work environments cannot “leave their professional ethical compass at home” and ultimately have to walk away, the president of the SDT has said.
Rebuke for solicitor who didn’t realise his client was dead
A solicitor who did not realise that his client had died seven years previously when he purported to act for her has been rebuked by the Solicitors Regulation Authority.
Freshfields partner to face tribunal over sexual conduct
A partner at magic circle firm Freshfields Bruckhaus Deringer is to face a disciplinary tribunal over his sexual conduct in relation to a more junior female member of staff.
LSB rethinks rule stopping rep bodies from “influencing” regulators
The Legal Services Board is pulling back on proposed rules that would not allow bodies like the Law Society and Bar Council to try and “influence” their regulatory arms.
Law firms “willing to draw up NDAs” that breach SRA guidance
Law firms are willing to draw up non-disclosure agreements that clearly breach Solicitors Regulation Authority guidance, according to the woman whose own NDA threw the spotlight on the issue.
Legal regulators “should develop common standards” for TPMAs
Legal regulators need to introduce common standards for providers of third-party managed accounts as the move for them to replace client account gathers pace, a leading payment processor has argued.