Legal Services

A solicitor who “consciously closed his eyes” to the activities of people he knew were fraudsters, agreeing to buy a law firm which was “purchased from the outset as a vehicle for fraud”, has been struck off.

https://www.legalfutures.co.uk/latest-news/law-firm-was-vehicle-for-5-7m-conveyancing-fraud?utm_source=iContact%2BWeekly%2BNewsletter&utm_medium=email&utm_campaign=legal-futures&utm_content=

A solicitor who stole thousands from friends he acted for and laundered money stolen from a grandmother has been jailed.

The Bar Standards Board (BSB) has been told that it needs to act more quickly on how it plans to educate the public about barristers after its widely criticised decision to stop funding consumer-facing website Legal Choices.

https://www.legalfutures.co.uk/latest-news/bsb-and-sra-in-firing-line-over-shortcomings

Earlier this month the NCA agreed a headline grabbing settlement to an account forfeiture application worth a reported £190 million pounds

A solicitor who helped himself to almost £88,000 from a dementia victim for whom he was acting under a power of attorney has been struck off by the Solicitors Disciplinary Tribunal (SDT).

https://www.legalfutures.co.uk/latest-news/solicitor-helped-himself-to-88000-from-dementia-sufferer

Verifying a client’s identity is time-consuming and adds significant cost to the bottom line, but what are the challenges with those clients that you never meet, because they instruct from abroad?

https://www.legalfutures.co.uk/associate-news/the-challenges-of-verifying-identity-when-the-client-is-abroad

The evolution of digital technologies and data is creating exciting opportunities for businesses, but it also makes the threat of fraud more complex. Many organisations, including law firms hold sensitive and confidential data and hackers and fraudsters are likely to try and steal this data and firms may find themselves as victims of fraud. It’s important that law firms ensure they have robust systems and stringent controls to ensure the integrity of their businesses and their client’s data.

https://www.legalfutures.co.uk/associate-news/six-ways-law-firms-can-prevent-employee-fraud

Where duty of care is concerned, protection of client monies is one of the highest priorities for law firms. As well as financial security being an obvious responsibility, it’s a vital regulatory obligation too.

The Solicitors Regulation Authority’s (SRA) new rulebook – Standards and Regulations (STaRs) – comes into force today, with experts highlighting several areas of significant change and opportunity for firms.

https://www.legalfutures.co.uk/latest-news/reach-for-the-stars-new-solicitors-rulebook-goes-live

Takhar (Appellant) v Gracefield Developments Limited and others (Respondents) [2019] UKSC 13

http://www.mondaq.com/uk/x/866232/real+estate/Overage+How+Reasonably+Hard+Does+A+Developer+Have+To+Work+To+Make+Himself+Liable