A former partner of Freshfields Bruckhaus Deringer has been suspended for 24 months after a case was brought to the Solicitors Disciplinary Tribunal (SDT) over “inappropriate” conduct. Nick Williams was made up as a partner in the magic circle firm’s disputes and investigations team in March 2017, but left Freshfields two years later following the outcome of […]
As the Legal Services Board gears up to launch enforcement action over the handling of Axiom Ince’s collapse, The Lawyer zeroes in on the key takeaways from its long-awaited review. As announced this morning, the LSB has accused the SRA of not acting “adequately, effectively and efficiently” in relation to Axiom Ince. Axiom Ince, created […]
The Solicitors Regulation Authority (SRA) has hit back at the Legal Services Board (LSB) following the announcement it will be taking enforcement action against it for its handling of the Axiom Ince scandal. When Axiom Ince collapsed in October 2023, around £60m in client money was missing and 1,400 people lost their jobs. The Serious […]
A partner from Kirkland & Ellis’s regulation group is joining Paul Weiss Rifkind Wharton & Garrison, in the latest move involving the two firms. Prem Mohan joins Paul Weiss as a partner and head of Paul Weiss’ European financial services regulation group, based in London. Mohan is the first regulatory hire for Paul Weiss’s City […]
Plans for a radical overhaul and extension of the Solicitors Regulation Authority’s ability to issue financial penalties has been slammed by the City of London Law Society (CLLS) as “arbitrary and not fit for purpose”. The regulator launched a profession-wide consultation in June in requesting market opinions on a new penalty framework. This came after […]
The Lawyer’s recent roundtable focused on understanding and complying with the new regulatory challenges from the FCA
Lawyers discuss the lessons that can be learned from recent cyber security breaches and the best ways to prevent future infringements
David Green QC will not step down next year as the last to fill what some describe as the most feared watchdog job in the UK. But who is fit for the task?
The complexities of sleeping on the job and the perils of loose talk are among the subjects tackled by this week’s experts.
The panel of experts discusses using data to horizon scan, identifying key legal issues through management information and how their firms are helping clients reduce costs related to legal risks.
Romania’s government is making some progress on corruption but a cut to the VAT rate and a new investor-friendly Fiscal Code should help reverse a dip in foreign investment.
This week’s top briefings writers from TheLawyer.com cover the regulatory and competition sectors, including how philanthropic fundraising through crowdfunding can clash with insurance claims, new UK public procurement rules, and Ukraine sanctions law.
Cross-border work and political tensions are dominating this year’s entries for Finance Team of the Year at The Lawyer Awards. A complex sanctions and regulation landscape in Europe underpins many of the finance and banking work throughout the past year, with transactions impacted by international disputes and stringent regulatory requirements. This year, some of the […]
A study published recently by PwC looking at the global state of information security shows that many organisations lack both clear leadership and strategies for tackling the security threats they face. Indeed, not only do many fail to know how many security breaches they suffer, but the annual survey of business executives reveals they feel […]
