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Pulse UK

SRA Plans 'Intrusive' Regulation After Axiom, SSB Failures

By Marialuisa Taddia

The solicitors' watchdog has warned the profession that it might take "a far more intrusive" approach to regulation after the Legal Services Board penalized it over the collapses of Axiom Ince and SSB Group.


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    BHP urged a judge Wednesday to prevent Pogust Goodhead, which represents thousands of claimants in a £36 billion ($48 billion) trial over a Brazilian dam disaster, from obtaining information from a U.S. court in order to support proposed litigation against the Australian mining giant.

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    The decision to make the financial watchdog the sole regulator of AML and counter-terrorist financing for professional services providers could be "tricky" for lawyers in the short term, even as some experts predict it might ultimately help to simplify an overly complex regulatory regime.

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In the Spotlight

  • Squire Patton Hit With £3.7M Claim Over Tech Buyout Advice
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  • Email 'Did Not Cause' Barrister's Mistreatment, Stonewall Says
  • Lawyers Could See Probes Double As FCA Takes Over AML
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From The Courtroom

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  • Ex-Clerk Must Repay £220K For Role In Legal Aid Fraud
  • Hamlins Pro Faces SDT For Contempt Threat Against Reporter
  • Ex-Law Firm Chief Denies Initiating Kiss With Junior Staffer
  • SFO Fights To Secure £1M From Solicitor Convicted Of Fraud
  • London Firm Partner 'Turned Blind Eye' To Client's Red Flags
  • AmTrust, Novitas Settle £56M Litigation Funding Dispute
 
 
 
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    Phil Pepper, head of employment at Shakespeare Martineau, discusses the challenges of working on a high-stakes case that progressed ... (read more)
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Latest News

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