Legal Services

A study of 40 law firms which suffered a cyber-attack over the past three years has found that more than £4m of client money was stolen from 23 of them.

The Solicitors Regulation Authority (SRA) is to check 7,000 law firms’ compliance with anti-money laundering (AML) regulations after an initial sweep found that too many were not complying.

https://www.legalfutures.co.uk/latest-news/7000-firms-to-face-aml-check-over-compliance-concerns

The Legal Services Board (LSB) could steal a march on the Solicitors Regulation Authority (SRA) by holding at least one of its board meetings in public, it has emerged.

A finding of serious misconduct against a solicitor does not require striking off or an immediate suspension from practice, the High Court has ruled.

https://www.legalfutures.co.uk/latest-news/serious-misconduct-does-not-mean-automatic-strike-off

Today, protecting against risk has never been more critical for conveyancers. But, as criminals find newer and more effective ways to commit fraud, neither has it been more challenging.

https://www.legalfutures.co.uk/associate-news/security-risks-in-the-conveyancing-sector

Ahead of Thursday’s student careers event, ‘Life as a civil fraud lawyer’, two RPC senior associates reflect on their time at the firm

A sole practitioner has been struck off for a sting in which a client’s money was used by the solicitor’s business partner to buy a property for a much lower price which was then sold to the client at a profit.

https://www.legalfutures.co.uk/latest-news/solicitor-struck-off-for-property-sting-on-client

Delay is not fatal to the continuation of a world freezing order and an applicant need not adduce evidence of recent dissipations.

Legal advice privilege (LAP) attaching to communications between a company and its lawyers survives the dissolution of the company, even if the Crown has disclaimed all interest in its former property, the Court of Appeal has ruled.

https://www.legalfutures.co.uk/latest-news/legal-advice-privilege-survives-companys-dissolution

A solicitor has been struck off after being sentenced to a year in prison for fraudulently siphoning off more than £13,000 from his firm and initially trying to obstruct an investigation of the crime.

https://www.legalfutures.co.uk/latest-news/solicitor-jailed-for-siphoning-client-money-struck-off