Legal regulator sets out ‘excessive’ fee hikes to boost drained industry fund May 29, 2024 The legal regulator wants to increase law firm fees by 236 per cent in order to rebuild the sector's compensation fund after it was significantly impacted over the last year
Legal regulator prepares to recover costs from boss of collapsed firm Axiom Ince May 22, 2024 The UK's legal regulator is preparing to recover funds from the boss of collapsed law firm Axiom Ince, according to new court filings.
Axiom Ince: Court green lights bankruptcy order against disgraced lawyer May 20, 2024 The court approves a £1.07m bankruptcy order against the former boss of disgrace Axiom Ince Pragnesh Modhwadia over failing to make payments for the law firm he acquired last year
Axiom Ince: Former boss of disgraced law firm faces bankruptcy petition April 23, 2024 The former boss of disgraced law firm Axiom Ince, where over £60m of client money went missing, now faces a bankruptcy petition
Former Axiom Ince lawyer rebuked after failing to take client instructions March 5, 2024 Sidhu, who is now a solicitor at Taylor Rose's Ealing office, was investigated by the Solicitors Regulation Authority (SRA).
SFO boss to promise more dawn raids and swifter action to tackle fraud February 12, 2024 The head of the UK's anti-fraud agency will set out his vision for a "bolder, pragmatic, more proactive" prosecutor this week in his first public speech since taking up the position late last year.
Booming demand for London’s legal market drives record number of City partner moves in 2023 January 8, 2024 Law firms’ partner CVs were flying around the City in 2023, as the year saw the highest number of job moves ever recorded. According to data provided by legal recruiter, Edwards Gibson, there were 510 partner moves recorded over 2023. This figure is up six per cent on the 480 partner moves recorded over 2022, and [...]
SFO launches criminal investigation into British aircraft parts supplier December 6, 2023 The Serious Fraud Office has launched a criminal investigation into a British aircraft parts supplier over suspected fraud.
Legal industry regulators under the scope at justice select committee December 6, 2023 The regulator of the legal sector was under the microscope Tuesday at a House of Commons justice select committee, over potential industry payouts over Axiom Ince. Solicitors Regulation Authority (SRA) chair Anna Bradley and chief executive Paul Philip were amongst those called to give evidence on the regulation of the legal profession and whether existing [...]
UK fraud agency goes on hiring spree to top up numbers after departures December 4, 2023 The Serious Fraud Office (SFO) said that hiring new staff was its “top priority” as it looks to turnaround under new boss Nick Ephgrave.