Archives: Professional

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Client identification – walk-in client

June 2024 | Professional

All those working in law firms understand the importance of robust due diligence on their clients. The SRA has recently rebuked a chartered legal executive for failing to complete the relevant client identification checks when acting for his client. An extract from the SRA’s report on the matter is as follows: ‘2. Summary of Facts …

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Continuing competence – guidance

June 2024 | Professional

SRA regulated solicitors might be interested to note that the Law Society has released guidance. They state that: ‘We break down what continuing competence for solicitors is, while outlining how to identify your learning needs and remain compliant. This guide covers: overview of continuing competence who must comply SRA competence statement meeting the requirements identifying …

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SRA – client account

May 2024 | Professional

The SRA has released an interesting but concerning news article on interest rates and client account. They report that the Law Society’s recent Financial Benchmarking Survey said that many law firms had been propped up by abnormally high interest rates. The SRA reports as follows and firms should take heed: ‘[The SRA] was asked about …

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FRC – changes

May 2024 | Professional

Litigators should take note that the minutes of the CPR Committee (01/03/2024) reveal that the following was reported in relation to Clinical Negligence Fixed Recoverable Costs CPR(24)06. Draft rules are going to be produced along with a pre-action protocol. Further, the intention is to finalise the CPR amendments in time for inclusion in the summer …

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