News – Page 4
-
NewsSRA flags cost risks from client account interest levy
Government plans to redirect interest on client accounts could create significant new costs to be met by firms.
-
NewsIn depth: Put AI on your risk agenda, firms told
AI should form an integral part of a firm’s risk policy, the Law Society’s risk and compliance conference heard. Data security and precautions are increasingly scrutinised when PII is renewed.
-
NewsCity solicitor hid £2.1m shortage through false bank statements
Firm owner had already used an alias to move almost £1m from account he solely operated.
-
NewsIn depth: Four MPs are demanding to know why Andrew Milne is still on the roll
Parliamentarians claim the solicitor has caused their constituents ‘an unimaginable amount of stress’.
-
NewsFormer BBC executive picked to chair LSB
Monisha Shah's appointment subject to hearing by Commons justice select committee.
-
NewsSolicitor who lied to protect client avoids strike-off
Tribunal insists outcome 'should not be read as creating a wider precedent for leniency'.
-
NewsAML: Firms warned against complacency ahead of FCA takeover
Risk managers bemoan lack of clarity about what new Financial Conduct Authority regime will mean for legal profession.
-
NewsSRA chief signals shift away from enforcement as reports surge
Regulator tells solicitors she wants to offer support to firms rather than penalising them.
-
News'Light-touch' oversight of SRA no longer fit for purpose after failures
LSB approach to oversight has already shown signs of becoming more pro-active, Law Society notes.
-
NewsGlobal firm fined after client account used as banking facility
SRA opts against bigger financial penalty on firm with £428 million annual revenue.
-
NewsSRA returns £9m to clients of closed firm PM Law
Regulator has received more than 250 applications to the compensation fund and paid out on 38 of the most urgent.
-
NewsSRA reprimanded for SSB Law blunders
New chief executive says organisation must learn from multitude of failings in run-up to collapse of no win, no fee firm.
-
NewsSRA shuts down multi-office firm and suspends three solicitors
Regulator moves in to close firm based on suspicions of compliance officer's dishonesty.
-
NewsMillions will receive car finance compensation this year, says FCA
Claimants who use CMC or law firm could lose over 30% of their compensation, regulator warns.
-
NewsLaw firms face higher AML fines and more inspections than accountants
Latest oversight body report reveals that fines imposed on law firms have reached a record high.
-
NewsSRA told to reveal what it knew in build-up to PM Law collapse
Oversight regulator acting swiftly in response to sudden closure of law firm network.
-
NewsSuspension for running unauthorised sole practice
The SDT also placed conditions on the solicitor’s practise after her suspension ends and ordered she pay £22,140 costs.
-
NewsMPs hear new plea for mandatory pro bono
Firms doing a lot of government work should expect to give something back, law professor tells Commons justice committee.
-
NewsMazur day two: Law Society to urge court to reject CILEX appeal
Crucial case set to resume in the Court of Appeal as Law Society and SRA prepare interventions.
-
NewsImmigration solicitors face SRA probe over AI-generated cases
Judge also warns of the dangers of uploading confidential information into open AI tools.