Mischon de Reya hit with record fine after breaching money laundering rules January 6, 2022 Top City law firm Mishcon de Reya has been slapped with a record £232,500 fine, plus costs, after major breaches of money laundering rules. The prestigious firm has agreed to pay a £232,500 fine, in addition to £50,000 towards investigation costs, after a probe from the Solicitors Regulation Authority (SRA). The regulator concluded that certain [...]
Law Society slams proposal by solicitors’ regulator to throw out additional insurance cover November 24, 2021 The professional body has warned that scaling back insurance for law firms would make the marketplace “less safe” for consumers, after the Solicitors Regulation Authority (SRA) launched a consultation on the controversial proposals. The Law Society of England and Wales today said “consumers could be left high and dry if the regulator pushes ahead” with [...]
Watch out lawyers: Solicitors’ regulator pushes for greater fining powers November 19, 2021 The UK solicitors regulator has proposed increasing its powers to issue fines of £25,000.
Solicitor in hot oil with regulator for hitting a member of the public with a frying pan November 18, 2021 The Solicitors Regulation Authority (SRA) has rebuked a lawyer after he "struck" a member of the public with a frying pan.
Lottery scammers impersonate Simmons & Simmons staff November 9, 2021 Fraudsters have used the name of Simmons & Simmons in a hoax to convince victims they have won the lottery, in the latest scam using City law firms. The scam phone calls from people purporting to be at Simmons & Simmons prompted the Solicitors Regulation Authority (SRA) to issue an alert last week warning members of [...]
Fertility benefits – for lawyers or for law firms? August 4, 2021 More law firms in the City are offering paid leave or paying towards the costs of fertility treatments for their employees in a bid to stay up to date, and keep their lawyers. Last week law firm Ashurst announced what it called “landmark” changes to its global parental leave policy. Alongside offering a reduction in [...]
Mishcon de Reya and ex partner face prosecution by solicitors regulator over sports clients money July 30, 2021 Mishcon de Reya and its former head of sport are being prosecuted by a legal regulator for how the prestigious city law firm handled money for some of its sports clients. Both Elizabeth Ellen, who stepped down as a partner at Mishcon to set up a sports consultancy last year, and the law firm would [...]
Exclusive: Sex discrimination and harassment cases in legal profession down by a third July 28, 2021 Sex discrimination and harassment complaints within the legal community dropped by a third last year. According to data from employment law firm Fox & Partners, shared with City A.M. this morning, the number of complaints made to the Solicitors Regulation Authority (SRA) went from 56 in 2019 to 37 in 2020. Remote working mostly contributed [...]
New: Mishcon de Reya plot IPO by end of the year April 28, 2021 Law firm Mishcon de Reya is set to float on the London Stock Exchange later this year after the firm’s partners voted to explore an IPO today. The IPO would see every member of staff become a shareholder in the listed business, the London-HQed outfit confirmed. Read more: Sign up to three daily City A.M. [...]
Ex-law firm staffer banned over sexually explicit WhatsApp messages March 9, 2021 An ex-member of staff at listed law firm DWF has been banned from working in the legal profession after he sexually harassed a junior colleague. Matthew Unwin was employed as a financial management executive in DWF’s Manchester office. He was dismissed on 25 September 2018 for gross misconduct after working at the firm for six [...]