Court of Appeal: Legal regulator to face human rights solicitor over prison sentence February 27, 2024 In a long-running legal fight, the legal regulator is set to face a former human rights lawyer for an appeal on her second prison sentence.
Post Office scandal: Legal regulator warns it ‘will take action’ against unethical lawyers January 19, 2024 The legal regulator has warned law firms and lawyers who worked for the Post Office will face ‘action’ if they are found to have ‘fallen short’ of the standards. The Solicitors Regulation Authority (SRA) provided an update into its investigation today, explaining that it is currently scrutinising tens-of-thousands of pages of information and evidence. The [...]
Clyde & Co fined £500,000 for breaching anti-money laundering rules January 11, 2024 London law firm Clyde & Co has been ordered to pay a £500,000 fine after it failed to comply with anti-money laundering regulations.
Clyde & Co faces fine after admitting to anti-money laundering failures January 9, 2024 London law firm Clyde & Co looks set to pay a hefty fine after it admitted today that it failed to comply with anti-money laundering regulations.
Deloitte lawyer referred to disciplinary tribunal over ‘unwanted kiss’ at City Hotel November 9, 2023 The legal regulator has referred a former Deloitte solicitor to a disciplinary tribunal over a "inappropriate" kiss at a work social event.
Solicitors Disciplinary Tribunal chief steps down following office lease fiasco December 5, 2022 The head of the Solicitors Disciplinary Tribunal (SDT) has stepped down from her position following news the tribunal is being forced to exit its offices. SDT chief executive Geraldine Newbold’s exit follows news solicitors will be forced to pay an extra £1.2m towards the tribunal’s new premises after its landlord decided to sell the building [...]
Solicitors watchdog should ‘reconsider’ plans for turnover-linked fines, Law Society says November 15, 2022 The Solicitors Regulation Authority (SRA) should “reconsider” plans to let itself begin serving fines equivalent to five per cent of a law firm’s annual revenues, the Law Society has said. The Law Society said fines matching five per cent of a law firm’s annual revenues would be “excessive and unjustified” as it urged the SRA [...]
Worcester woes suggest wider issues for rugby as a whole August 22, 2022 Rugby union has never been the cash cow that football has developed into and this week we could be seeing the latest club enter administration following a series of financial woes. It is expected, according to multiple reports, that west midlands Premiership club Worcester Warriors could suffer that fate later today following a winding-up petition [...]
Mishcon de Reya spent £12m on shelved London IPO August 16, 2022 Mishcon de Reya spent almost £12m in readying itself to list on the London Stock Exchange, before shelving its initial public offering (IPO) in June. In a Companies House filing, the law firm said it spend more than £11.7m on preparing for its IPO before calling the public float off for the “foreseeable future due [...]
Dominic Raab intervened to increase legal watchdog’s fining powers June 15, 2022 Justice secretary Dominic Raab personally intervened to push forward plans to increase the solicitor’s watchdog’s fining powers, after MPs called for a toughening up of the regulator, to deter law firms from working for oligarchs. The Deputy Prime Minister “sought the views” of the Law Society, Solicitors Regulation Authority (SRA), and Legal Services Board, whilst [...]