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Category: Legal Futures

SRA to “ratchet up” AML blitz after £575,000 of fines in six months

May 13, 2025May 13, 2025Neil Rose

This post was originally published on this siteThe SRA has handed out 50 fines totalling £575,000 for AML rule breaches in the last six months and promised to “ratchet up the consequences” for firms that still do not comply. The post SRA to “ratchet up” AML blitz after £575,000 of fines in six months appeared […]

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SRA decides against changing who pays for compensation fund

May 13, 2025May 13, 2025Neil Rose

This post was originally published on this siteThere was little support for a SRA proposal to reapportion contributions to the compensation fund so that individual solicitors pay more than firms, it has emerged. The post SRA decides against changing who pays for compensation fund appeared first on Legal Futures.

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Veteran barrister disbarred after “prolonged period of incompetence”

May 13, 2025May 13, 2025Nick Hilborne

This post was originally published on this siteA veteran barrister has been disbarred after a “prolonged period of incompetence” during which he operated from chambers condemned by the BSB as “disorganised and chaotic”. The post Veteran barrister disbarred after “prolonged period of incompetence” appeared first on Legal Futures.

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UWO will investigate how jailed ex-solicitor’s wife bought house

May 13, 2025May 13, 2025Neil Rose

This post was originally published on this siteThe unexplained wealth order issued against the ex-wife of the struck-off solicitor behind the Axiom Legal Financing Fund fraud will investigate whether her home was bought with tainted funds. The post UWO will investigate how jailed ex-solicitor’s wife bought house appeared first on Legal Futures.

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Actionstep publishes inaugural UK midsize law firm priorities report

May 13, 2025May 13, 2025Legal Futures

This post was originally published on this siteActionstep has published the 2025 UK Midsize Law Firm Priorities Report, an inaugural survey and analysis of the business priorities and technology realities and trends of UK midsize law firms. The post Actionstep publishes inaugural UK midsize law firm priorities report appeared first on Legal Futures.

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SRA to revise fining guidance on economic crime and drink driving

May 12, 2025May 12, 2025Neil Rose

This post was originally published on this siteThe Solicitors Regulation Authority is working to activate its power to issue unlimited fines in cases involving economic crime, it has emerged. The post SRA to revise fining guidance on economic crime and drink driving appeared first on Legal Futures.

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Paralegals receive formal recognition with CILEX ‘chartered’ title

May 12, 2025May 12, 2025Neil Rose

This post was originally published on this siteCILEX has introduced the first formal recognition of paralegals after receiving Privy Council approval to amend its Royal Charter and introduce the title of CILEX chartered paralegal. The post Paralegals receive formal recognition with CILEX ‘chartered’ title appeared first on Legal Futures.

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Smaller law firms reject M&A in favour of organic growth

May 12, 2025May 12, 2025Nick Hilborne

This post was originally published on this siteThe proportion of smaller law firms considering merger or acquisition as a growth strategy has halved in a year to just one in 20, with a shift in focus to organic growth. The post Smaller law firms reject M&A in favour of organic growth appeared first on Legal […]

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Conveyancers “should advise on liability from climate risks”

May 12, 2025May 12, 2025Nick Hilborne

This post was originally published on this siteSolicitors should advise clients in property transactions on the potential liability they face from “climate risks”, the Law Society has said in new guidance. The post Conveyancers “should advise on liability from climate risks” appeared first on Legal Futures.

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The COFA role: Balancing responsibility, risk and reality

May 12, 2025May 12, 2025Legal Futures

This post was originally published on this siteThe world of legal compliance is a pressured one, with few positions carrying the weight of personal responsibility quite like that of the COFA. The post The COFA role: Balancing responsibility, risk and reality appeared first on Legal Futures.

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