SRA and client account interest – Interview with Paul McCluskey
We interviewed Paul McCluskey of specialist banking and finance consultancy Gemstone Legal, about the SRA’s recent reminder to law firms about paying interest to clients. Jonathan [...]
Shaping the Future: Leveraging the Power of Culture
By Chris Sweetman and Jonathon Bray “Culture eats strategy for breakfast”. Although some would argue this well-known quote overstates things, most people accept that culture plays an important [...]
Sole practitioner hit with £750 fine for (wait for it) not completing a workforce diversity survey
No, it’s not a late April Fool’s joke. LawLand Solicitors, a sole practitioner firm, was recently fined £750 by the Solicitors Regulation Authority (SRA). The fine was imposed for failing to [...]
The SRA’s AML enforcement against small firms continues to tighten
In recent months, the Solicitors Regulation Authority (SRA) has markedly intensified its Anti-Money Laundering (AML) enforcement actions, reflecting a stern commitment to mitigating AML risks [...]
The Economic Crime and Corporate Transparency Act: How law firms can help clients
The Economic Crime and Corporate Transparency Act, enacted in October 2023, is a continuation of the UK’s tighter approach to corporate transparency and economic crime Key changes and [...]
Insurance Distribution: A guide for solicitors
In a recent webinar (titled “Scoping out the rules: insurance distribution dos and don’ts for Solicitors”) hosted by Jonathon Bray with Rachael Eyre, Ed Marshall, and guest panellist [...]
Paralegal ‘struck off’ for embellishing his CV – don’t be tempted
In the competitive legal job market, the temptation to embellish one’s CV to land a dream job can be alluring. However, the recent case of Guillaume Kitumaini underscores the serious [...]
The Dentons SDT case: A shift in regulatory enforcement?
The recent tribunal decision involving Dentons and the Solicitors Regulation Authority (SRA) has sparked significant discussion within the legal sector, especially in the wake of AML fines [...]
LSB conference summary: “Reshaping legal services”
The recent LSB conference on reshaping the legal profession covered important themes such as promoting ethics and trust, understanding consumer needs, and preparing for future challenges, notably [...]
SRA sanctions risk assessment guidance: What solicitors need to know
The Solicitors Regulation Authority (SRA) has issued guidance on conducting firm-wide sanctions risk assessments, which sits alongside its general guidance on complying with the UK sanctions [...]
