News – Page 23
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Struck-off solicitor and unregistered barrister disbarred
Practitioner had failed to inform Bar Standards Board of strike-off over misappropriation of nearly £141,000 from client account.
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Law Society demands talks over potential Axiom Ince levy
Solicitors ‘greatly concerned’ at possible one-off charge to cover massive client losses.
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Ombudsman asks for £1.2m more to handle increasing demand
Legal ombudsman says this year has seen a 13% increase in enquiries from legal consumers.
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Society seeks members’ experiences of unbundling
Chancery Lane is interested in how firms manage their liability for unbundled services - and whether they increase revenue.
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Firms continue to flout SRA transparency rules
Only 42% of firms are publishing all the pricing and service information, a report for the regulator reveals.
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Chambers' ratings could be made public under bar reform plans
Bar Standards Board admits that publishing assessments of individual sets 'would raise the stakes of our supervision work'.
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City firm fined for relying on Ukrainian lawyer for AML checks
Solicitors Regulation Authority says City firm missed a number of red flags on property transaction.
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News focus: Takeaways from the SRA compliance officers conference
At 16, the Solicitors Regulation Authority is a very different body from the one that spent almost all its time dealing with ‘fingers in the till’.
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Automatic fines likely for firms still failing on AML
SRA estimates that ‘significant majority’ of firms are still failing to comply with regulations.
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SRA mulls levy on solicitors to plug £64m black hole at Axiom Ince
Regulator considering one-off payment by practitioners to prop up Compensation Fund and limit on client claims.
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Root out the bad lawyers or you will be fined, says SRA
Chief executive says higher fining power will be used to punish enabling partners.
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CLC intervenes in collapsed conveyancer Alexander Grace Law
Firm is already in administration, but CLC wants to ensure post-completion work gets done.
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SDT slashing budget amid plans to downsize next year
Plans revealed to move to new premises with just two courtrooms compared with the current five.
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Consultant ex-solicitor fined almost 14 years after strike-off
Experienced lawyer failed to conduct due diligence on potentially high-risk client.
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Evidence of NDA misuse mounting as regulator plans action
Legal Services Board pledges ‘strengthened’ approach to regulating non-disclosure agreements.
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AML supervision: Law Society backs consolidation but rejects state regulator
Chancery Lane favours second of four options proposed by the Treasury: a legal sector supervisor but for England and Wales only.
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Strong argument for joint regulation of solicitors and barristers, says LSB chief
Merger of Solicitors Regulation Authority and Bar Standards Board something to consider, says Legal Services Board CEO Matthew Hill.
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Paralegal acted dishonestly by backdating letter
Former Irwin Mitchell employee handed Section 43 order.
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Conveyancing: chief CQS assessor berates firms over 'standard' enquiries
Solicitors 'going at it hammer and tongs creates bad feeling', Peter Rodd tells national property conference.
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SRA plan criticised amid tug of war to regulate legal execs
Existing regulator says there are ‘gaps and uncertainties’ with transfer plans.