The Law Society of England and Wales abused its dominant position in the market for the provision of quality certifications and accreditations services to conveyancing firms in the UK, the Competition Appeal Tribunal (CAT) has ruled today (26 May).
Six former Cobbetts lawyers, including former managing partner Nicholas Carr and senior partner Stephen Benson, have been referred to the Solicitors Disciplinary Tribunal (SDT) by the Solicitors Regulation Authority (SRA) following the Manchester firm’s collapse in 2013.
The charges related to the use of a client bank account as a banking facility, in direct breach of the Solicitors Regulation Authority (SRA)’s money laundering regulations. Duffy and Purnell admitted they failed to take on guidance of the Law Society’s rules on fraudulent financial arrangements in acting as an escrow agent on behalf of the client.
Super-exam to be used from September 2020
Despite some considerable hostility, the Solicitors Regulation Authority (SRA) announced last month that its planned Solicitors Qualifying Examination (SQE), dubbed ‘the super exam’, will be used from September 2020.
Details behind one of the largest penalties awarded against a law firm by the Solicitors Disciplinary Tribunal (SDT) have been released after Clyde & Co received a fine of £50,000, while three partners also were also fined £10,000 for breaching accounting and money laundering rules. Continue reading “Inadequate systems: SDT lays out Clydes failings in money laundering case”
In one of the largest penalties awarded against a law firm by the Solicitors Disciplinary Tribunal, Clyde & Co has been fined £50,000, while three partners also received £10,000 each in fines for breaching accounting and money laundering rules. Continue reading “Solicitors’ tribunal hands Clyde & Co record fine under money laundering rules”
The Legal Services Board (LSB) has commenced a probe into the Solicitors Regulation Authority (SRA) regarding its independence from the Law Society. Continue reading “Law Society under pressure as LSB launches probe into independence from SRA”
The Law Society is considering intervening in a negligence case between Mishcon de Reya and its former client, Dreamvar, after Dreamvar was duped into buying a property from a fake owner. Continue reading “‘Major implications for solicitors’: Law Society backs Mishcon in Dreamvar property fraud case”
The chief executive of the Law Society Catherine Dixon resigned last night (3 January) citing a lack of governance reform in the group’s council. Continue reading “‘Old fashioned and bureaucratic’: Law Society chief exec Dixon resigns over lack of governance reform”
LB100 firm Bevan Brittan has declared it will not retender for the Solicitor Regulation Authority’s legal panel, after reviewing the level of investment needed to service the regulatory body. Continue reading “‘Change of direction’: Bevan Brittan refuses to retender for SRA legal panel”
