SDT fines firm £120k for 15-year breaches of AML regulations
Review of eight files found that none had compliant client and risk matter assessments.
Edith Piaf back at the Cube
Your regulator continues to accept criticism with all the humility of a toddler denying they drew on the walls while holding a crayon.
Ex-solicitor loses appeal after Google search spewed out fake cases
Judge says court needs to take ‘decisive action’ to protect integrity of its processes from fake citations.
SRA imposes record £4m fine on former law firm boss
Regulator says dishonesty at defunct consolidator firm impacted thousands of people.
AI regulation: What UK businesses need to know
The evolving AI regulatory landscape, the importance of adopting effective AI assurance mechanisms and the increasing role of AI-specific contractual clauses.
Decisions and interventions
Decisions filed recently with the Law Society (which may be subject to appeal).
Sanctions, class actions and regulations
Securities litigation.
Old chestnut back in season
Is momentum building again for a root-and-branch reform of legal services regulation?
Light relief?
What would a ‘light-touch’ approach to litigation funding regulation look like?
Why it’s time to scrap the Legal Services Board
Sweeping away the LSB given its lack of both impact and credibility would be in the public interest. The board is a burden but offers no benefit.
Glass houses
Last week I noted that the Law Society’s benchmarking survey was awkwardly timed, finding as it did that client interest is turbocharging practice profits.
