News

---

A New York lawyer may hold a financial interest in an alternative business structure operating legally elsewhere, the city bar association has said.

The Solicitors Regulation Authority is pressing ahead with a huge hike in the compensation fund levy in the wake of the spiralling cost of law firm failures.

Solicitors may face a more restricted professional indemnity insurance market this year amid growing concern over limitations on insurers aggregating claims.

Relations between the Legal Services Board and the Bar Standards Board are close to breaking point over the speed of reform at the barrister regulator.

The Solicitors Regulation Authority has reported two law firms to the Office of Financial Sanctions Implementation, part of the Treasury, for breaching sanctions on Russia.

A managing partner who used staff pension contributions to prop up his firm has been struck off, but his two equity partners were cleared of misconduct.

Private-equity backed personal injury business Winn Group has reported soaring revenue and profit amid talk that it is to be sold for £350m.

The new Lord Chancellor, Shabana Mahmood, needs to recognise the need for an overhaul of the legal regulatory regime, the new chair of the Legal Services Consumer Panel has argued.

A barrister has been fined £5,000 by a Bar disciplinary tribunal, after he failed to report an SRA investigation into the removal of 242 wills from a law firm he owned.

A circuit judge has made four non-party costs orders against the credit hire arm of AIM-listed Anexo Group, whose customers have to use its law firm, Bond Turner, to recover its costs from insurers.