Tag Results
Investigation of law firm accounts reports “tripled in two years”, impact report shows
Friday, 11 May 2018The number of qualified accountants’ reports due to rule breaches has fallen by two-thirds since the rules were changed in 2015, but the amount then being investigated for possible rule breaches has tripled, it has emerged. A handful of them have led to regulatory action as a result.
Tags: accounts rules
Posted in Finance, Latest news, Solicitors
Law Society goes to war on SRA code of conduct reform
Friday, 9 September 2016The Law Society has issued a damning critique of the Solicitors Regulation Authority’s proposals for a streamlined code of conduct and – to a lesser extent – its planned overhaul of the accounts rules. The code of conduct proposals were misconceived, unnecessary, unclear, and would create a two-tier profession, it said.
Tags: accounts rules, code of conduct, Law Society, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Solicitor who let wife make improper transfers from firm’s client account is suspended
Thursday, 21 July 2016A solicitor who allowed his wife to make improper transfers from his firm’s client account has been suspended by the Solicitors Disciplinary Tribunal.
Tags: accounts rules, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Solicitor’s wife who admitted misappropriating client funds set to escape tribunal
Thursday, 14 July 2016A sole practitioner’s wife, who worked at the firm as bookkeeper before being dismissed by her husband, is set to escape a hearing at the Solicitors Disciplinary Tribunal.
Tags: accounts rules, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Solicitor who had mercy on fraudulent employee is fined £5,000
Wednesday, 13 July 2016A sole practitioner who decided not to sack a fraudulent employee after discovering he had stolen almost £90,000 from the firm’s office account has been fined £5,000 by the Solicitors Disciplinary Tribunal. However, the SDT rejected 20 of the 24 allegations made against her by the Solicitors Regulation Authority.
Tags: accounts rules, fraud, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
“Old-fashioned solicitor” whose firm “became a mess” is struck off
Monday, 13 June 2016An “old-fashioned solicitor” whose firm “became a mess and spiralled downwards” has been struck off by the Solicitors Disciplinary Tribunal. “Even if the respondent’s actions were not pre-mediated when he made the first transfer, by the one hundred and forty seventh transfer they must have been,” it said.
Tags: accounts rules, dishonesty, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
SDT allows solicitor who overturned strike-off to return to practice
Tuesday, 17 May 2016A solicitor who successfully challenged her strike-off at the High Court can return to practice following a decision by the Solicitors Disciplinary Tribunal. A fresh tribunal said it would be “disproportionate” to strike off Rukhsana Kiani.
Tags: accounts rules, Solicitors Disciplinary Tribunal
Posted in Latest news, Regulation, Solicitors
Firm propped up by loan from employee “did not mislead” SRA over financial difficulties
Thursday, 28 January 2016A law firm owner did not mislead the Solicitors Regulation Authority over the financial difficulties his practice was facing, even though he was reliant on loans from a senior solicitor to keep it afloat, the Solicitors Disciplinary Tribunal has ruled.
Tags: accounts rules, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Solicitor who made “conscious choice to prop up her practice with client funds” is struck off
Monday, 25 January 2016A sole practitioner who made a “conscious choice to prop up her practice with client funds” has been struck off by the Solicitors Disciplinary Tribunal. Harvinder McKibbin told the tribunal that “as a true sole practitioner, matters had become a bit too much being on my own with no support”.
Tags: accounts rules, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Solicitors should be able to practise from unregulated firms, SRA suggests
Friday, 27 November 2015Practising solicitors should be allowed to deliver advice to the public from unregulated firms, subject to restrictions, the Solicitors Regulation Authority has suggested as part of a phased review of how it regulates both individuals and organisations.
Tags: accounts rules, Solicitors Regulation Authority, SRA Handbook
Posted in Accounts rules, Latest news, Regulation, Solicitors