News – Page 11
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NewsFirm fined £20,000 for 2022 compliance failings
£20,000 fine and £10,000 costs approved after agreed outcome with Solicitors Regulation Authority.
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NewsSolicitors braced for potential changes to client account
SRA planning to open consultation next week in response to consumer protection review.
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NewsSRA chair says Axiom Ince issues are 'history for us'
Chief executive Paul Philip admits Axiom Ince debacle ‘damaged trust’ – but not as badly as the Post Office scandal.
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NewsProfessional bodies should regulate legal AI, say lawyers
More than two thirds of lawyers say bodies such as the Law Society and Bar Council should be responsible for technology.
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NewsProbe into SSB collapse slips into next year
Cases 'raise wider issues about whether the bulk litigation market is working as well for the public as it should be', says SRA.
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NewsIn depth: Axiom Ince report makes grim reading for defiant SRA
Last week’s report into the SRA’s actions before shutting down Axiom Ince is a catalogue of omissions and missed opportunities. Will an aggressively expansionist – and unrepentant – regulator choose to learn any lessons?
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NewsNo evidence of racial bias in SRA enforcement process
Regulator says academic research confirms that ethnicity is a 'consistent predictive factor' in enforcement.
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NewsBan for ex-Axiom Ince employee who transferred £54.5m from bank account
SRA also imposes section 43 order on a second employee, for doctoring bank statements and misleading forensic investigators.
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NewsLitigation funding regulation back in spotlight as CJC publishes review
Hotly awaited interim report sets out questions for comprehensive review of the sector.
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NewsOmbudsman seeks 10.2% budget rise next year
Legal Ombudsman's Office says it is 'consistently resolving 25% more complaints than in the past'.
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NewsOnline legal advice service dropped by challenger bank after SRA opens probe
Zempler Bank confirms that the LawBite service is no longer available to its customers.
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NewsAxiom Ince report: What the SRA knew - and what it failed to do
In its response, the SRA seizes on one sentence of praise in an 11-page summary. The rest details a catalogue of failures.
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NewsAxiom Ince: SRA botched previous investigation
Forensic investigators were not required to check client account balances with bank, independent review reveals.
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News'A lot in the report that we don’t agree with' - SRA statement in full
Regulator’s response to Legal Services Board’s review of events leading up to the intervention into Axiom Ince.
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News'LSB must insist the SRA puts its house in order': Law Society statement in full
Atkinson: 'A vivid picture of the SRA’s inadequate and ineffective handling of Axiom'.
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NewsAxiom Ince - SRA faces enforcement action
LSB finds regulator 'did not act adequately, effectively and efficiently' in 2023 collapse, causing 'significant consumer detriment'. The SRA disagrees.
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NewsIn depth: Freemarket thinktank calls for class action curbs
UK plc stands to suffer ‘enormous damage’ from an ever-expanding class action regime, says the Adam Smith Institute. Counterintuitively, the free-market thinktank wants more regulation – and legal aid.
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NewsMayfair firm shut down by SRA after four fines in a year
Ross & Co subject to intervention over allegations of dishonesty.
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NewsSRA fines firm 2% of turnover after AML spot-check
Stafford firm said risk assessments had previously been carried out on an ‘informal basis’.
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NewsMost lawyers are positive about the SRA - says the SRA
Poll also finds politicians are highly sceptical about the solicitors' regulator - if they have heard of it in the first place.