Tag Results

A conveyancer who failed to report important details to lender clients or follow their instructions in over 100 transactions has been fined £2,000 by the Solicitors Regulation Authority. Meanwhile, an assistant solicitor who failed to secure a party’s interest in a property by registering a form at the Land Registry, has been fined £5,000 by the Solicitors Disciplinary Tribunal.

A sole practitioner who claimed to be “unable to distinguish right from wrong” has been fined £10,000 by the Solicitors Disciplinary Tribunal. The tribunal said Claire Flood’s decision to transfer money from client accounts to pay her tax bill lacked “moral soundness, rectitude and a steady adherence to an ethical code”.

A barrister turned solicitor has been disbarred 10 years after he was struck off by the Solicitors Disciplinary Tribunal. He did not tell the Bar about the decision and the Bar Standards Board only became aware of it last year when Lloyd Aneke applied for restoration to the roll of solicitors.

The Council of Licensed Conveyancers has announced its intention to apply to the Legal Services Board to approve the introduction of a solicitor-style open market indemnity scheme. The move has triggered warnings that law firms may switch regulator from the Solicitors Regulation Authority to the CLC for the wrong reasons.

The Solicitors Regulation Authority has fined two more law firms for advising on conveyancing transactions in which clients were party to schemes to avoid the payment of almost £8m in stamp duty land tax – for which the firms received £160,000 between them on top of their regular fees.