Law firm closures rise sharply under SRA - Solicitors Journal
16 hours ago · Law firm closures surge as SRA intensifies oversight on mishandling client money. Data released by Hazlewoods reveals that the Solicitors Regulation Authority (SRA) closed down 43 UK law firms in 2022/23 due to mishandling of client money—a significant 87% increase from the previous year. This stringent regulatory response reflects the SRA ...
Literature review into overrepresentation in complaints about …
Jun 26, 2023 · This review is the first part of an ongoing research project to try and understand why those from Black, Asian and minority ethnic backgrounds are overrepresented in reports to, and resulting investigations by, the regulator. The literature review is directed at the pattern of complaints received by the SRA, which is the main area of focus for the research.
Practising fee levels and compensation fund contributions to fallÂ
Aug 20, 2021 · The Legal Services Board (LSB) has agreed individual practising fee levels for 2021/22 will fall by £12 to £266 after it approved the proposed fees set by the board of the Solicitors Regulation Authority (SRA) in July.
Enforcement action follows SRA review - Solicitors Journal
Oct 29, 2024 · The LSB has commenced enforcement action against the SRA after reviewing its role in the closure of Axiom Ince Limited. The independent inquiry, conducted by Carson McDowell LLP, criticised the SRA for not acting "adequately, effectively, and efficiently" to prevent approximately £60 million in client funds from going missing, which also led ...
EU merger investigations see sharp decline - Solicitors Journal
Sep 24, 2024 · Despite a rise in U.S. merger probes, the EU faces a notable drop in significant Phase I investigations, say Clemens York and Laurence Bary. Every quarter, we produce Dechert’s Antitrust Merger Investigation Timing Tracker (DAMITT), utilising data that goes back to 2011. Our second report of the year shows that, while there is a significant ...
Crossing boundaries - Solicitors Journal
Sep 15, 2020 · Legal and professional services sectors face unprecedented turbulence in the midst of the global pandemic, including new ways of working, business failure and having medium-term business planning completely overturned.
The UK’s Cyber Governance Code of Practice - Solicitors Journal
Mar 11, 2024 · The government has launched a voluntary Cyber Governance Code of Practice (the ‘Code’) made up of a set of principles and actions, co-designed with industry leaders and technical experts at the Nati. To read more and access exclusive legal insights, subscribe to the Solicitors Journal today. Unlimited access to over 16,000 articles on a ...
Government consults on plans to reduce reporting burdens on …
May 24, 2023 · The Department for Business and Trade published a consultation paper entitled ‘Smarter regulation non-financial reporting review: call for evidence’ on 24 May, which aims to gather views on the non-financial reporting requirements UK companies need to comply with to produce their annual report, and whether company size thresholds remain ...
Washed out but not washed up – an opportunity remains to …
Jun 12, 2024 · Introduction. Arbitration is a key feature of both the domestic and global dispute resolution landscape. The ability for parties to choose a bespoke resolution process with an appropriate determiner or tribunal panel to provide them with a legally binding and enforceable decision, known as an award, are but some of the reasons why arbitration has flourished.
SJ interview: Simon Natas FRSA - Solicitors Journal
Mar 1, 2023 · SN: We founded ITN Solicitors almost twenty years ago. When we began, the firm focussed exclusively on criminal defence work and we are now one of the largest criminal firms in London, with branch of. To read more and access exclusive legal insights, subscribe to the Solicitors Journal today. Unlimited access to over 16,000 articles on a wide ...