Regulators “must warn lawyers against taking advantage of LiPs” – Legal Futures

‘Legal regulators must warn lawyers that they will face action to stop them unethically taking advantage of vulnerable litigants, a charity has urged.’

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Legal Futures, 21st August 2024

Source: www.legalfutures.co.uk

Property firm fined £22k for money laundering failures – Legal Futures

‘A property law firm in Manchester has been handed a fine of nearly £22,000 for failures in anti-money laundering (AML) procedures, towards the top end of the Solicitors Regulation Authority’s (SRA) powers.’

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Legal Futures, 14th August 2024

Source: www.legalfutures.co.uk

National firm hit with £22k fine for AML breaches – Law Society’s Gazette

Posted August 13th, 2024 in fines, law firms, news, solicitors, Solicitors Regulation Authority by tracey

‘The Solicitors Regulation Authority has imposed one of its biggest fines against a law firm after another case where anti money-laundering measures were not up to scratch.’

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Law Society's Gazette, 12th August 2024

Source: www.lawgazette.co.uk

AI will have bigger impact on law than the internet, says thinktank – Legal Futures

‘Artificial intelligence (AI) will have a greater impact on legal services than the internet revolution, a roundtable sponsored by the Solicitors Regulation Authority (SRA) has predicted.’

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Legal Futures, 5th August 2024

Source: www.legalfutures.co.uk

SRA ordered to pay costs after “flawed” ban on non-solicitor – Legal Futures

‘The Solicitors Disciplinary Tribunal (SDT) has ordered the Solicitors Regulation Authority (SRA) to pay costs of £5,000 after bringing a “flawed and misconceived” case against a non-solicitor.’

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Legal Futures, 30th July 2024

Source: www.legalfutures.co.uk

Complaints about the SRA rise by 29% – Legal Futures

‘Complaints about the Solicitors Regulation Authority’s (SRA) handling of cases rose by 29% last year, with the increase in interventions part of the reason.’

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Legal Futures, 24th July 2024

Source: www.legalfutures.co.uk

Solicitor used client money to keep PI firm afloat – Legal Futures

‘A solicitor who “repeatedly” transferred money from client to office account to prop up his firm has been struck off by the Solicitor Disciplinary Tribunal (SDT).’

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Legal Futures, 19th July 2024

Source: www.legalfutures.co.uk

Firm fined £10,000 for over-charging from damages – Law Society’s Gazette

Posted July 16th, 2024 in agreements, damages, fees, fines, law firms, news, Solicitors Regulation Authority by tracey

‘A West Yorkshire firm has been fined by the regulator for charging personal injury clients higher fees than allowed under the rules on damages-based agreements.’

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Law Society's Gazette, 15th July 2024

Source: www.lawgazette.co.uk

SRA to appeal decision to clear Dentons over AML breaches – Legal Futures

‘The High Court looks set to rule on whether a tribunal was right to find that Dentons’ breach of the anti-money laundering (AML) rules was “inadvertent” and did not amount to professional misconduct.’

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Legal Futures, 15th July 2024

Source: www.legalfutures.co.uk

SRA agrees to take over regulation of CILEX members – Legal Futures

Posted July 4th, 2024 in legal executives, news, Solicitors Regulation Authority by sally

‘The board of the Solicitors Regulation Authority (SRA) has agreed to regulate CILEX members if it decides to press ahead with changing regulator.’

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Legal Futures, 2nd July 2024

Source: www.legalfutures.co.uk

Barrister GC: Why can’t I sign off trainee solicitors’ work experience? – Legal Futures

‘A general counsel has complained that she is unable to sign off the qualifying work experience (QWE) of trainee solicitors because she is a barrister.’

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Legal Futures, 4th July 2024

Source: www.legalfutures.co.uk

Law firm fines should be a minimum of £5k, says SRA – Legal Futures

‘The Solicitors Regulation Authority (SRA) has proposed that any fine it imposes on law firms should be at least £5,000, as well as ending fines for solicitors convicted of drink-driving.’

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Legal Futures, 1st July 2024

Source: www.legalfutures.co.uk

Ban for office manager who used client money to prop up firm – Legal Futures

‘The Solicitors Regulation Authority (SRA) has imposed a control order on a law firm’s office manager who took money from client account to pay wages and “prop” up the practice.’

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Legal Futures, 21st June 2024

Source: www.legalfutures.co.uk

SRA “has gone too far” with demands in SLAPPs guidance – Legal Futures

‘The Solicitors Regulation Authority’s (SRA) guidance on SLAPPs may go too far in requiring practitioners to ascertain the truth of their client’s case, a senior barrister has suggested.’

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Legal Futures, 10th June 2024

Source: www.legalfutures.co.uk

High Court rejects SRA appeal against £75,000 costs order – Legal Futures

‘The High Court has rejected the Solicitors Regulation Authority’s (SRA) appeal against a £75,000 costs order made after its failed prosecution of a solicitor.’

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Legal Futures, 20th May 2024

Source: www.legalfutures.co.uk

Peers support widening SRA’s fining and investigative powers – Legal Futures

‘The Solicitors Regulation Authority (SRA) needs more powers to prevent misconduct by law firms involved in strategic litigation against public participation (SLAPPs), peers have urged.’

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Legal Futures, 15th May 2024

Source: www.legalfutures.co.uk

Alternative ways to practise as a solicitor have had “modest impact” – Legal Futures

Posted May 13th, 2024 in law firms, news, solicitors, Solicitors Regulation Authority, statistics by tracey

‘The options for solicitors to offer services to the public as freelancers or from unregulated businesses have had a “modest impact on consumer choice”, research for the Solicitors Regulation Authority (SRA) has found.’

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Legal Futures, 13th May 2024

Source: www.legalfutures.co.uk

SRA seeks power to launch “spot checks” of law firms – Legal Futures

‘The Solicitors Regulation Authority (SRA) has called for the power to launch “wide-sweeping inspections” of law firms without needing the trigger of a specific allegation of misconduct.’

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Legal Futures, 8th May 2024

Source: www.legalfutures.co.uk

SRA seeks power to launch “spot checks” of law firms – Legal Futures

‘The Solicitors Regulation Authority (SRA) has called for the power to launch “wide-sweeping inspections” of law firms without needing the trigger of a specific allegation of misconduct.’

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Legal Futures, 8th May 2024

Source: www.legalfutures.co.uk

SRA anti-money laundering blitz continues with £76k in fines – Legal Futures

‘The Solicitors Regulation Authority (SRA) blitz on breaches of anti-money laundering (AML) rules has continued, with more than £76,000 in fines handed out to a solicitor and four law firms.’

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Legal Futures, 22nd April 2024

Source: www.legalfutures.co.uk