Former partners fined for ‘orderly wind-down’ failings (LSG)
Two former partners have each been fined £2,000 for not closing down their firm properly once insurance cover had run out.
Property Alert service proves popular in the fight against property fraud (EAT)
Six months on from the launch of Land Registry’s Property Alert service, more than 12,000 people have signed up to the free service which provides an early warning of suspicious […]
Legal Services Act heading for “knacker’s yard” (LF)
The “flaws and limitations” of the Legal Services Act are “all too apparent” and, as every year goes by, it is moving closer to “the regulatory equivalent of the knacker’s […]
SRA stands firm on indemnity cover cut (LF)
The Solicitors Regulation Authority (SRA) has hit back at criticism from the Legal Services Board (LSB) over its plans to cut the minimum compulsory cover for law firms from £2m […]
‘We grew too quickly,’ new Co-op boss admits (LSG)
The head of the standard bearer for alternative business structures has admitted the company grew too fast in its early years.
SRA steps up anti money laundering work
The Solicitors Regulation Authority (SRA) is stepping up its efforts to ensure solicitors firms do not become embroiled in money laundering activity and are compliant with the various regulations and […]
SRA puts money laundering in spotlight (LSG)
The Solicitors Regulation Authority today announces a new initiative to ensure ‘high risk’ firms are not engaging in money laundering.
SRA joins National Crime Agency in crackdown on solicitor money laundering (LF)
The Solicitors Regulation Authority (SRA) is launching a crackdown on money laundering today, in conjunction with the National Crime Agency (NCA).
LSB: accountant will investigate PC fee spending (LF)
The Legal Services Board (LSB) is to hire an external accountant to examine how the Law Society and other regulators spend money raised through practising certificate (PC) fees.
Land Registry wants solicitor involvement (LSG)
The Land Registry has said it is keen to involve solicitors in its controversial programme to take over the local land charges database – a vital source of conveyancing search […]
Clients’ money in the news (LSG)
A raft of measures to prevent money laundering highlights the difficulty lawyers face in holding confidential financial information for clients in a high-tech world.
Cocky Co-op has to lick its wounds (LSG)
The company simply grew too quickly – and the clear-up job is a painful one.