LawtechUK: Regulatory risks of AI “inhibiting law firm adoption” – Legal Futures

‘Hesitation about adopting artificial intelligence (AI) by law firms nervous of the risks presented by a regulatory grey area is causing a bottleneck that needs to be cleared, according to LawtechUK.’

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Legal Futures, 18th January 2023

Source: www.legalfutures.co.uk

Law firm fined record £20,000 for “reckless” AML breaches – Legal Futures

‘The Solicitors Regulation Authority (SRA) has fined an Oxfordshire law firm £20,000 after finding it “reckless” in failing to comply with the anti-money laundering (AML) requirements.’

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Legal Futures, 18th January 2023

Source: www.legalfutures.co.uk

SRA sanctioned for wrongly publishing trainee’s ban – Legal Futures

‘The Solicitors Regulation Authority (SRA) has been sanctioned in costs after prematurely stating on its website that it had banned a former trainee solicitor from working for law firms.’

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Legal Futures, 16th January 2023

Source: www.legalfutures.co.uk

SRA can enforce costs order against solicitor struck off in 2010 – Legal Futures

‘The Solicitors Regulation Authority (SRA) can enforce a £15,000 costs order against a struck-off solicitor more than 12 years after it was made, the Solicitors Disciplinary Tribunal (SDT) has ruled.’

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Legal Futures, 6th January 2023

Source: www.legalfutures.co.uk

SRA to step up action over non-compliance with transparency rules – Legal Futures

‘The Solicitors Regulation Authority (SRA) is to take a “more robust approach” to enforcing its transparency rules after its latest work indicated widespread non-compliance.’

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Legal Futures, 20th December 2022

Source: www.legalfutures.co.uk

BSB mulls SLAPPs guidance as Zahawi’s solicitors are referred to SRA – Legal Futures

‘The Bar Standards Board (BSB) is considering following the Solicitors Regulation Authority (SRA) in issuing guidance on strategic lawsuits against public participation (SLAPPs).’

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Legal Futures, 5th December 2022

Source: www.legalfutures.co.uk

One for all: SRA regulation for staff – Kingsley Napley Employment Law Blog

‘All those who work in law firms, not just lawyers, are liable to sanction by both their employer and the SRA for acts of misconduct…’

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Kingsley Napley Employment Law Blog, 29th November 2022

Source: www.kingsleynapley.co.uk

MPs back tougher economic crime fines and oversight for lawyers – Legal Futures

‘MPs have backed giving the Solicitors Regulation Authority (SRA) unlimited fining powers in cases of economic crime.’

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Legal Futures, 24th November 2022

Source: www.legalfutures.co.uk

Junior lawyers won’t have to ‘turn in’ bullying workmates – Law Society’s Gazette

‘Junior lawyers will be exempt from a new professional obligation to report on anyone mistreating colleagues in the workplace, following a rethink by the Solicitors Regulation Authority. However, proposed changes to conduct rules that will give the regulator more scope to clamp down on bullying, harassment or discrimination have otherwise got the go-ahead.’

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Law Society's Gazette, 3rd November 2022

Source: www.lawgazette.co.uk

SRA “should police anti-money laundering across UK legal sector” – Legal Futures

‘A Solicitors Regulation Authority (SRA) with “beefed up” powers should be the single body policing money laundering across the UK legal sector, a report has recommended.’

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Legal Futures, 18th October 2022

Source: www.legalfutures.co.uk

Incorrect precedent led to wrong ground rent advice for 115 clients – Legal Futures

‘A solicitor who gave 115 clients the wrong advice about the ground rent provisions in the leases of properties they were buying – because of an incorrect precedent – has been fined £15,000.’

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Legal Futures, 10th October 2022

Source: www.legalfutures.co.uk

SRA fines firm with “failing” anti-money laundering controls – Legal Futures

Posted September 28th, 2022 in fines, law firms, money laundering, news, solicitors, Solicitors Regulation Authority by sally

‘A law firm with a “failing” anti-money laundering (AML) control environment, leading to multiple rule breaches, has been fined £2,000 by the Solicitors Regulation Authority (SRA).’

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Legal Futures, 27th September 2022

Source: www.legalfutures.co.uk

Unbundling has potential to improve access to justice – and clients – Legal Futures

Posted September 14th, 2022 in law firms, legal services, news, solicitors, Solicitors Regulation Authority by tracey

‘Unbundling has the potential to increase access to justice and help firms attract new clients, but awareness among lawyers and consumers is low, research by the Solicitors Regulation Authority (SRA) has found.’

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Legal Futures, 14th September 2022

Source: www.legalfutures.co.uk

Convictions for peaceful protests “should not lead to regulatory action” – Legal Futures

‘The Solicitors Regulation Authority (SRA) is unlikely to take action against solicitors convicted in exercising their right to protest where no significant harm has been caused, it said yesterday.’

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Legal Futures, 2nd September 2022

Source: www.legalfutures.co.uk

NEWS Flirting, banter and plying with drink: SRA sets out detailed sexual misconduct guidance – Law Society’s Gazette

‘The Solicitors Regulation Authority today set out in granular detail what will or may constitute sexual misconduct by solicitors, after a surge of complaints in the past five years.’

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Law Society's Gazette, 1st September 2022

Source: www.lawgazette.co.uk

High Court rejects challenge to SDT case management decisions – Legal Futures

‘The Solicitors Disciplinary Tribunal (SDT) was right not to order the Solicitors Regulation Authority (SRA) to seek information from the BBC on behalf of a solicitor facing prosecution, the High Court has ruled.’

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Legal Futures, 15th August 2022

Source: www.legalfutures.co.uk

Fine for partners over years of multiple accounts rules breaches – Legal Futures

‘Two partners at a former London firm have been fined a total of £25,000 for an improper transfer of a client’s funds and allowing more than 1,700 matters to go stale, among other accounts rules breaches.’

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Legal Futures, 12th August 2022

Source: www.legalfutures.co.uk

Bar Council and Law Society unhappy with LSB’s oversight reforms – Legal Futures

‘The Bar Council and Law Society have attacked proposed Legal Services Board (LSB) changes to way it assesses frontline regulators’ performance, saying it could change the focus of both the regulators themselves and the LSB.’

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Legal Futures, 18th July 2022

Source: www.legalfutures.co.uk

Firm ordered to pay wasted costs over lack of authority to act – Legal Futures

‘A law firm has been ordered to pay wasted costs of £7,920 for not satisfying itself that the director of a company in deadlock with the other director had the authority to give it instructions.’

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Legal Futures, 5th July 2022

Source: www.legalfutures.co.uk

Extra powers for regulators to clamp down on rule-breaking solicitors – Ministry of Justice

‘The Solicitors Regulation Authority (SRA) will be given new powers to fine rule-breakers up to £25,000, under measures introduced today (29 June 2022).’

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Ministry of Justice, 29th June 2022

Source: www.gov.uk