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William John Owen, a former coroner for Carmarthenshire, has been referred to the Solicitors Disciplinary Tribunal. Mr Owen, 79, was jailed for theft in November last year for five years.

A firm set up by Mark Johnson, a solicitor and former partner at Geldards, is among the first dozen entities to be named today as regulated by the Bar Standards Board. He did it because of access to Bar Mutual indemnity insurance and the Bar’s “simpler and more transparent” rules.

The leading specialist solicitor in regulation matters yesterday urged the Solicitors Regulation Authority not to approach law firms with the worst possible assumptions and warned it was driving a wedge between the regulator and the profession.

The Solicitors Regulation Authority has urged solicitors to be extra vigilant after a north-east conveyancing firm became the latest victim of telephone bank scammers. The firm lost a significant amount from its account.

Solicitors will soon be able to ditch client accounts and instead use “third-party managed accounts”, their regulator has revealed. THe SRA said the use of such accounts may offer a lower-cost alternative that continues to provide appropriate protection.