‘A specialist sports law firm has been fined £36,000, and its COFA rebuked, for allowing its client account to be used as a banking facility.’
Legal Futures, 10th July 2024
Source: www.legalfutures.co.uk
‘A woman struck off as a solicitor 24 years ago has failed in her second attempt to be restored to the roll, with a tribunal saying the passage of time did not of itself justify it.’
Legal Futures, 2nd July 2024
Source: www.legalfutures.co.uk
‘A law firm whose compliance officer for finance and administration (COFA) stole £157,000 has been fined for not having proper systems governing payments from client account.’
Legal Futures, 18th June 2024
Source: www.legalfutures.co.uk
‘A law firm can be paid from monies held in its client account despite them being subject to both a freezing order and a third-party debt order, the High Court has ruled.’
Legal Futures, 30th April 2024
Source: www.legalfutures.co.uk
‘A non-lawyer owner of an alternative business structure (ABS) responsible for multiple rule breaches – including a £3.6m shortfall on his firm’s client account – has been banned from working in another one.’
Legal Futures, 11th February 2020
Source: www.legalfutures.co.uk
‘On 25 November 2019 the SRA Accounts Rules 2011 will cease to have effect, and will be replaced by new accounts rules. In one quarter-stroke of the draftsman’s pen, 52 rules covering 50 pages of single-spaced typescript on pages of A4 will be replaced by 13 rules on 10 pages. The SRA has trumpeted loudly that the rules have been simplified and that they provide greater flexibility. Have they? Do they?’
4 New Square, 28th October 2019
Source: www.4newsquare.com
‘A solicitor has been jailed for 14 months after being found guilty on four counts of contempt of court for breaching undertakings given to the court about missing client money.’
Legal Futures, 20th August 2019
Source: www.legalfutures.co.uk
‘A solicitor who took the “extraordinary approach” of trying to settle his debts of over £115,000 with promissory notes has been struck off.’
Legal Futures, 5th July 2019
Source: www.legalfutures.co.uk
‘A solicitor who regularly overcharged clients for search fees and transferred money from client to office account without their consent has been suspended for two years by the Solicitors Disciplinary Tribunal (SDT).’
Legal Futures, 18th December 2018
Source: www.legalfutures.co.uk
‘A solicitor who paid over £100,000 in income from her bed and breakfast and caravan park businesses into her firm’s client account has been fined £15,000 by the Solicitors Disciplinary Tribunal (SDT).’
Legal Futures, 30th October 2018
Source: www.legalfutures.co.uk
‘An experienced criminal law solicitor who broke the conditions on his practising certificate (PC) just days after they were imposed and then lied about it in a witness statement, has been struck off.’
Legal Futures, 31st August 2018
Source: www.legalfutures.co.uk
‘The SRA has issued warning notices[1] to solicitors regarding whether they should act and how they should act towards their clients in relation to purported transactions concerning investment schemes. However, for many the warning will have come too late since many investors have previously parted with deposits (in some cases amounting to the client’s life savings) in return for worthless insurance bonds and unsecured interests in land or property which are also found to be worthless when the developer defaults on the development and becomes insolvent.’
Hardwicke Chambers, 12th July 2018
Source: www.hardwicke.co.uk
‘A property agent who misspent £700,000 in rent he had collected for his clients has been sentenced to five years in prison today.’
Crown Prosecution Service, 2nd August 2018
Source: www.cps.gov.uk
‘The Solicitors Disciplinary Tribunal (SDT) has removed the conditions on the practising certificate (PC) of a solicitor fined for allowing improper payments to be made out of client account.’
Legal Futures, 3rd April 2018
Source: www.legalfutures.co.uk
‘National law firm Laytons has been fined £20,000 by the Solicitors Disciplinary Tribunal (SDT) for using its client account as a banking facility for a European network of law firms, a foreign client and a tax practitioners’ group.’
Legal Futures, 22nd March 2018
Source: www.legalfutures.co.uk
‘The failures which led to a record fine for Clyde & Co were “particularly glaring” as it was “a large and, previously, reputable firm”, the Solicitors Disciplinary Tribunal (SDT) has declared in approving the sanction.’
Legal Futures, 19th April 2017
Source: www.legalfutures.co.uk
‘A former judge and his law firm assistant have been jailed for six years each after siphoning off almost £700,000 from clients to hide debts, pay for holidays in Barbados and bet on races at Cheltenham.’
The Guardian, 27th January 2017
Source: www.guardian.co.uk
‘A district judge conned wealthy clients to live a luxurious lifestyle and lied to his accountant who then killed himself when he realised he had been party to the crime.’
Daily Telegraph, 19th January 2017
Source: www.telegraph.co.uk
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