Industry Insights

This is a guest post from our friends at Gemstone Legal. The original content can be viewed here. In the ever-changing landscape of the legal profession, one thing remains constant: too many law [...]

We all know that the SRA views the roles of Compliance Officer for Legal Practice (COLP) and Compliance Officer for Finance and Administration (COFA) as being central to law firm compliance and [...]

When solicitors are facing an SRA investigation, it’s natural for them to feel apprehensive about the potential impact on their career. Readers of our newsletter will be familiar with the [...]

In recent actions by the Solicitors Regulation Authority (SRA), drink-driving has become significantly more costly for solicitors, serving as a stark reminder of the regulator’s expected [...]

Vigilance against money laundering and terrorist financing is not just a matter of ethical responsibility but a strict regulatory requirement. Suspicious Activity Reports (SARs) form the [...]

In a landmark decision that has reverberated through the legal sector, Clyde & Co, a prominent international law firm, was handed a staggering £500,000 fine by the Solicitors Disciplinary [...]

In 2024, the role of the Money Laundering Reporting Officer (MLRO) and Money Laundering Compliance Officer (MLCO) in SRA regulated law firms is increasingly pivotal. The SRA is increasingly [...]

In the complex world of legal services, inadvertent breaches of the Solicitors Regulation Authority (SRA) Accounts Rules has become an increasing concern. In a recent webinar, Scott Newby, [...]

A reminder that the Legal Ombudsman (LeO) address is changing. The change will go live from Monday, 22 January 2024. What do you need to do in response to the Legal Ombudsman address change? You [...]

The Compliance Officer for Legal Practice (COLP) plays a crucial role in ensuring that their firm complies with the rules set by the Solicitors Regulation Authority (SRA) and other regulations [...]