All Regulation and compliance articles – Page 27
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NewsAxiom Ince: Big five law societies call for compensation cap
Joint V societies say SRA should use its discretion to limit the burden on the profession.
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OpinionFinancial innovation is making a comeback – lawyers should stay well away from it
Innovation, creativity and animal spirit should be the preserve of entrepreneurs – not bankers, and certainly not financial regulators.
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NewsSolicitor fined and ordered to pay £4,000 costs following self-report to SRA
Practitioner was not aware of a 2019 rule change regarding acting without pay for family and friends without PII.
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NewsEx-Mirror Group lawyer probed over phone hacking knowledge
SRA looking into possible action in relation to in-house lawyer Marcus Partington.
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NewsManager applied for firm’s partners to be removed from roll
Accounts manager is barred from working in the profession under a section 43 order.
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NewsFirm hit with first SRA fixed fine for late diversity data
Regulator wants to process low-level breaches more quickly to save time and money.
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NewsBarred paralegal had ‘casual’ approach to dating documents
Section 43 order imposed after judge described the practice of backdating documents as ‘frightening’.
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OpinionUnregulated AI legal advice puts the public at risk
Appetite for low-cost data-driven tools is concerning in the absence of agreed standards for assessing accuracy and reliability.
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NewsEx-equity partner leaves roll after covering up work relationship
Solicitor ignored agreement not to contact colleague during firm’s investigation, SRA decision notice reveals.
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NewsReview of SRA’s handling of Axiom Ince will be completed by the spring
LSB appoints Northern Ireland law firm to make an assessment of the Axiom collapse.
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NewsHogan Lovells partner to be City watchdogs’ watchdog
Rachel Kent to begin five-year stint as financial regulators complaints commissioner in January.
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NewsFinance boss duped new firm about £600,000 fraud conviction
SRA finds disgraced former accountant was dishonest and posed a risk to the reputation of his employer.
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NewsTwo more firms fined thousands over AML failings
Sanctions again issued despite no evidence of any harm done by shortcomings in compliance procedures.
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NewsSolicitor’s indefinite suspension lifted after 15 years
Wales property specialist says his desire to get back into the profession had been 'reawakened'.
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NewsSolicitor banned for a year for sexual touching of paralegal
Solicitor, then 53, also rubbed 21-year-old on the shoulders once or twice a day, tribunal hears.
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NewsWomen make up 37% of law firm partners, new SRA figures show
Slow improvement in racial and gender diversity continues, according to statistics from the SRA’s biennial collection of diversity data.
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NewsLSB pledges to ‘step up’ oversight of regulators
Several areas for improvement will be set out in assessment to be published by the oversight regulator next month.
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FeatureVoice of reason
The House of Commons justice committee turns an unflinching eye on the perceived shortcomings of the justice system and government policy. Under the chairmanship of Sir Bob Neill, its influence has grown rapidly.
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NewsConsumer protection held back by titles such as 'solicitor', says watchdog
Legal Services Consumer Panel condemns 'labyrinthine maze' of legal services regulation.
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NewsSRA hailed as ‘most sophisticated, mature’ regulator by overseer
Strong indication from Legal Services Board that it would approve merging of professions.