Accountant severely reprimanded over SRA report – Legal Futures

‘An accountant found to have “improperly” issued a report to the Solicitors Regulation Authority (SRA) about a law firm has been severely reprimanded by his regulator.’An accountant found to have “improperly” issued a report to the Solicitors Regulation Authority (SRA) about a law firm has been severely reprimanded by his regulator.’

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Legal Futures, 3rd April 2020

Source: www.legalfutures.co.uk

Imposing Quistclose trusts—knowledge, not notice, as the golden rule (Goyal v Florence Care Ltd) – New Square Chambers

Posted April 2nd, 2020 in chambers articles, delay, equity, fiduciary duty, joint ventures, news, solicitors by sally

‘Goyal emphasises the importance of knowledge over notice in generating a Quistclose Trust. Solicitors and commercial fund managers should be alert to the possible implications arising from the allocation and management of communications received, mindful that attributed knowledge may still suffice in the right circumstances. Goyal provides an important reminder of the gateway function of an order for an account through which substantive remedies can be accessed. A party’s entitlement to an account following breach of fiduciary duty should not be circumscribed by judicial assumptions that little may be gained from the exercise, nor by considerations of the delay between relevant events and trial. An account may prove to be fruitless but a claimant should be entitled to find this out for themselves.’

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New Square Chambers, 23rd March 2020

Source: www.newsquarechambers.co.uk

Is it possible to take a statutory declaration by Skype video or similar technology? – Hardwicke Chambers

‘Although the position is fast-moving and guidance is expected to be given in due course by the Law Society, it is presently understood that remote video conferencing technology such as Skype or Zoom could be used by a practising solicitor to administer a statutory declaration.’

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Hardwicke Chambers, 26th March 2020

Source: hardwicke.co.uk

In-house lawyer facilitated sham £16m property schemes – Legal Futures

‘A solicitor who acted as head of legal and a “puppet director” for a variety of companies involved in sham £16m property schemes has been struck off.’

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Legal Futures, 1st April 2020

Source: www.legalfutures.co.uk

Privately educated lawyers dominate corporate work – Legal Futures

‘The proportion of solicitors who attended state schools is creeping upwards, but those who went to fee-paying schools dominate corporate work, according to the Solicitors Regulation Authority (SRA).’

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Legal Futures, 31st March 2020

Source: www.legalfutures.co.uk

SRA relaxes assessment rules for students and trainees – Legal Futures

‘The Solicitors Regulation Authority (SRA) has today outlined a significant relaxation of its rules for law students and trainees to allow their assessment to go online.’

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Legal Futures, 25th March 2020

Source: www.legalfutures.co.uk

“Grossly negligent” partner suspended over missing $2.2m – Legal Futures

‘A “grossly negligent” salaried partner has been suspended for a year after $2.2m in escrow monies belonging to the other party in a deal was “dissipated in a series of unauthorised transactions”.’

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Legal Futures, 27th March 2020

Source: www.legalfutures.co.uk

Lord Chancellor praises lawyers’ “heroic” efforts – Legal Futures

‘The Lord Chancellor Robert Buckland yesterday praised lawyers for their “heroic efforts” in trying to keep trials going during the coronavirus pandemic.’

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Legal Futures, 25th March 2020

Source: www.legalfutures.co.uk

Calls to protect criminal solicitors, pupils and LPC students – Legal Futures

‘Criminal defence solicitors in London yesterday threatened to stop attending police stations and a protocol to protect pupil barristers was published among efforts to protect the profession during the coronarivus pandemic.’

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Legal Futures, 25th March 2020

Source: www.legalfutures.co.uk

SRA will take “pragmatic” approach to breaches during pandemic – Legal Futures

‘The Solicitors Regulation Authority (SRA) has finally issued guidance to those it regulates on dealing with the coronavirus, stressing it will be “pragmatic” when taking action over rule breaches related to the pandemic.’

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Legal Futures, 24th March 2020

Source: www.legalfutures.co.uk

Legal aid fraud trial stopped as barristers self-isolate – Legal Futures

Posted March 24th, 2020 in barristers, coronavirus, delay, fraud, health, legal aid, live link evidence, news, solicitors by sally

‘The trial of nine lawyers over an alleged plot to scam £11m from the legal aid system was abandoned last Friday after several counsel withdrew to self-isolate.’

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Legal Futures, 24th March 2020

Source: www.legalfutures.co.uk

Raiffeisen Bank International AG v Asia Coal Energy Ventures Ltd & Anor [2020] EWCA Civ 11 – Hardwicke Chambers

‘The Appellant was a corporate and investment bank (the “Bank”). On 7 May 2015, it entered into a Sale and Purchase Agreement (the “Agreement”) as the seller of a 23.8% shareholding in an Indonesian company traded on the London Stock Exchange. The Respondent solicitors, (“Ashurst”), had acted for the First Defendant, the counterparty buyer under the Agreement (“ACE”).’

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Hardwicke Chambers, 5th March 2020

Source: hardwicke.co.uk

Consumer panel urges more fixed fees and SRA fining powers – Legal Futures

‘More use of fixed fees and an increase in the Solicitors Regulation Authority’s (SRA) fining powers are among recommendations made today by the Legal Services Consumer Panel.’

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Legal Futures, 19th March 2020

Source: www.legalfutures.co.uk

SRA to make immigration regulation permanent – Legal Futures

‘The Solicitors Regulation Authority (SRA) is consulting on whether to extend indefinitely the suspension of immigration work from its removal of restrictions on solicitors providing non-regulated services.’

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Legal Futures, 18th March 2020

Source: www.legalfutures.co.uk

SRA: “Solicitors conceal disability for fear of harming careers” – Legal Futures

‘Many disabled solicitors have downplayed the extent of their disability because they do not trust law firms to meet their needs, research has revealed.’

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Legal Futures, 16th March 2020

Source: www.legalfutures.co.uk

Report into Welsh council highlights monitoring officer also being its sole qualified childcare lawyer as example of risk of ‘all hands to the pumps’ approach – Local Government Lawyer

Posted March 4th, 2020 in children, legal services, local government, news, solicitors, Wales by sally

‘A rapid assessment carried out by the Improvement and Assurance Board set up at Merthyr Tydfil County Borough Council has highlighted a situation where the authority’s monitoring officer is also its sole qualified childcare lawyer and has additional responsibilities as an example of why it has significant concerns about the ability of the council to deal with ongoing practical issues.’

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Local Government Lawyer, 3rd March 2020

Source: www.localgovernmentlawyer.co.uk

Solicitor wife compensated on divorce for career loss – Legal Futures

‘A solicitor who sacrificed possible partnership at a magic circle law firm to have children has been awarded an extra £400,000 in her divorce settlement with an equity partner at the same firm.’

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Legal Futures, 3rd March 2020

Source: www.legalfutures.co.uk

Solicitor got client to pay cheque into personal account – Legal Futures

Posted March 3rd, 2020 in disciplinary procedures, news, probate, solicitors by sally

‘A solicitor who persuaded a vulnerable client to pay £4,700 into her personal bank account, pretending the money would be spent on repairs to a property had inherited, has been struck off.’

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Legal Futures, 3rd March 2020

Source: www.legalfutures.co.uk

“Careless” solicitor who practised unauthorised struck off – Legal Futures

‘A solicitor who carried on practising for almost five months after his practising certificate (PC) and indemnity insurance expired has been struck off.’

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Legal Futures, 25th February 2020

Source: www.legalfutures.co.uk

Peer calls for regulation overhaul as CMA plans review – Legal Futures

‘A solicitor peer has urged the Ministry of Justice (MoJ) to act now and simplify the legal regulatory regime, saying nothing will change if it is left to the profession.’

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Legal Futures, 26th February 2020

Source: www.legalfutures.co.uk