Risk & Compliance news

Browse by

• Community
• Finance
• General
• Human Resources
• Knowledge Management
• Marketing & BD
• Practice Management
• Risk & Compliance
• Technology

• SRA defends bid to increase power to fine law firms from £2,000 to £250m »

  08/06/12 Risk & Compliance, Risk & Compliance, Practice Management
  The Ministry of Justice is currently consulting on SRA proposals to bring its fining powers for traditional firms – currently £2,000 – in line with those for ABSs, which are £250m for firms and £50m for individuals.
• Withers to pay £100k plus costs over negligent Chelsea garden advice »

  01/06/12 Risk & Compliance, Risk & Compliance
  Withers has been ordered to pay £100,000 to a former client after the High Court found it had been negligent in advice over a Chelsea property purchase.
• Government bid to slash red tape around legal services regulation goes live »

  31/05/12 Risk & Compliance, Risk & Compliance
  A government bid to slash unnecessary red tape around the regulation of legal services goes live today.
• Ex-Hogan Lovells partner jailed for three years over £1.27m fraud »

  30/05/12 Risk & Compliance, Risk & Compliance
  Former Hogan Lovells partner Chris Grierson has been jailed for three years after pleading guilty to four counts of fraud totalling £1.27m.
• Oyez launches information security research survey for law firms »

  30/05/12 Risk & Compliance, Risk & Compliance, Technology
  As the security of confidential information moves to the fore and compliance with regulation becomes more complex, it’s important for the legal profession to know that it is doing all it can to comply.
• 18 solicitors sanctioned for money laundering breaches as Treasury warned over increased risks from ABSs »

  28/05/12 Risk & Compliance, Risk & Compliance
  Eighteen solicitors were sanctioned by the Solicitors Disciplinary Tribunal last year for breaches of anti-money laundering obligations.
• Line of solicitors being marched through SDT for failure to pay insurance premiums »

  24/05/12 Risk & Compliance, Risk & Compliance
  Fifteen solicitors have had sanctions imposed by the SDT for failing to pay the premiums demanded while their firms were in the assigned risks pool.
• IPReg set to apply this year to become ABS regulator number 3 »

  22/05/12 Risk & Compliance, Risk & Compliance
  IPReg has published a timeline saying that following a consultation this summer, it will seek designation as an ABS regulator in October.
• SRA set to delay COLP and COFA regime to 2013 »

  16/05/12 Risk & Compliance, Risk & Compliance
  The scheme forCOLPs and COFAs was due to go live on 1 November, but the SRA board will today be asked to put it back to 1 January 2013.
• The Law Society announces new practice note  »

  15/05/12 Risk & Compliance, Risk & Compliance, Practice Management
  This practice note offers guidance on the issues that you should take into account in your dealings with LiPs.
• Law Society launches stinging attack on SRA plan for massive fining powers »

  15/05/12 Risk & Compliance, Risk & Compliance, Practice Management
  SRA plans to introduce multi-million pound fines for law firms are a “significant breach of Parliament’s intentions”, the Law Society has claimed.
• Clydes set to appeal as EAT whistleblowing case goes in ex-partner's favour »

  15/05/12 Risk & Compliance, Risk & Compliance
  Clyde & Co plans to appeal an EAT decision that found the firm should face a claim from a former partner.
• First Supreme Court decisions on age discrimination offer guidance for employers »

  08/05/12 Human Resources, Human Resources, Risk & Compliance
  This week saw two significant age discrimination cases reach the Supreme Court, both of which involve issues that employers need to be aware of.
• SRA acts over identity fraud after series of bogus law firms »

  08/05/12 Risk & Compliance, Risk & Compliance
  A rash of bogus law firms in recent months has persuaded the SRA to publish guidance for solicitors on guarding against identity theft.