Nearly 500 law firms sanctioned for transparency failures – Legal Futures

‘The Solicitors Regulation Authority (SRA) has sanctioned 470 law firms in the past 18 months over failures to comply with its transparency rules.’

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Legal Futures, 1st October 2024

Source: www.legalfutures.co.uk

Costs in Regulatory Proceedings: Solicitors’ Regulatory Authority v Tsang [2024] EWHC 1150 (KB) (Admin) – 2 Hare Court

‘The courts has consistently maintained that in order to ensure that Regulators maintain their statutory obligation to protect the public, costs should not simply be awarded against them unless specific circumstances apply. In the recent judgment of Solicitors’ Regulatory Authority v Tsang Eyre J reviewed the relevant authorities and once again confirmed the position.’

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2 Hare Court, 9th September 2024

Source: www.2harecourt.com

Bar tribunal hands ‘opera assault’ lawyer harsher sanction than SRA – Legal Futures

‘A dual-qualified lawyer convicted of beating a man in a confrontation at the Royal Opera House has been handed a harsher sanction by a Bar disciplinary tribunal than the Solicitors Regulation Authority (SRA).’

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Legal Futures, 10th September 2024

Source: www.legalfutures.co.uk

SRA: Convictions highlight Chinese ‘underground banking’ danger – Legal Futures

‘The sentencing of seven people involved in a money laundering network via Chinese underground banking is a valuable reminder to solicitors of its risks, the Solicitors Regulation Authority (SRA) has said.’

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Legal Futures, 30th August 2024

Source: www.legalfutures.co.uk

Fine for solicitor who acted on both sides of property deal – Legal Futures

‘A partner who acted for both sides of a property transaction where there was a conflict of interest has been fined by the Solicitors Regulation Authority (SRA).’

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Legal Futures, 28th August 2024

Source: www.legalfutures.co.uk

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