Ince in firing line over ‘inappropriate’ restaurant behaviour allegations

Ince in firing line over ‘inappropriate’ restaurant behaviour allegations

Ince has launched a formal internal investigation after a viral tweet from a Cardiff restaurant owner claimed a group of its lawyers had behaved inappropriately towards a waitress.

In the social media post, which as of today (9 May) has been ‘liked’ close to 132,000 times, Cora owner Lee Skeet alleged in an email that the group had ‘talked down to, disrespected, and touched unwantedly’ a 22-year-old waitress named Lily.

Continue reading “Ince in firing line over ‘inappropriate’ restaurant behaviour allegations”

Ex-Mishcon partner hit with £17,500 SRA fine over conduct breach

Ex-Mishcon partner hit with £17,500 SRA fine over conduct breach

A former Mishcon de Reya partner has accepted a £17,500 penalty for his conduct which contributed to the record £232,500 SRA settlement agreed with the firm in January.

In an agreement published yesterday (7 March), Michael Nouril admitted to serious breaches of money laundering regulations relating to work for two individual clients, and corporate vehicles connected with the same two individual clients. In addition to the settlement, he will also pay  £3,500 in costs. Continue reading “Ex-Mishcon partner hit with £17,500 SRA fine over conduct breach”

SRA draws line under probe into ex-Freshfields partner handling of UBS alleged rape case

SRA draws line under probe into ex-Freshfields partner handling of UBS alleged rape case

The Solicitors Regulation Authority (SRA) has closed its investigation into the conduct of former Freshfields Bruckhaus Deringer partner Caroline Stroud in her handling of an internal inquiry into a rape allegation at UBS.

The move will be a welcome development for Freshfields after an investigation was launched back in August 2020 into whether Stroud misled the alleged victim, referred to as ‘Ms A’, during an internal review of the investment bank’s response to the rape allegation by not making it clear that she had been drafted in by UBS. Continue reading “SRA draws line under probe into ex-Freshfields partner handling of UBS alleged rape case”

Mishcon hit with record £232,500 SRA penalty over money laundering mishaps

Mishcon hit with record £232,500 SRA penalty over money laundering mishaps

In an unflattering revelation ahead of its planned IPO, Mishcon de Reya yesterday (5 January) received the highest-ever financial penalty issued by the Solicitors Regulation Authority (SRA) of £232,500 for a string of failures related to money laundering rules.

The firm, which has also been issued with a £50,000 costs order, admitted to failing to provide adequate due diligence on four client matters. It also accepted it had misplaced the hard copy evidence of the due diligence it carried out on those matters. Continue reading “Mishcon hit with record £232,500 SRA penalty over money laundering mishaps”

Freshfields refutes partner misconduct in handling alleged rape case as SRA confirms probe 

Freshfields refutes partner misconduct in handling alleged rape case as SRA confirms probe 

Just when Freshfields Bruckhaus Deringer probably thought its #MeToo woes were behind it, a fresh spotlight has been shone on a prominent partner over allegations of misconduct in handling an alleged rape case involving UBS and a Solicitors Regulation Authority (SRA) investigation underway.

The matter came to light on Thursday (13 August) when the The Financial Times reported that influential Freshfields employment partner Caroline Stroud was being investigated by the watchdog for her conduct in dealing with a review of the investment bank’s handling of a rape allegation.  Continue reading “Freshfields refutes partner misconduct in handling alleged rape case as SRA confirms probe “

Risk management survey 2020 – Crooked timber

Risk management survey 2020 – Crooked timber

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The ongoing #MeToo saga within in the legal profession was only a few chapters old last year when our annual risk and professional indemnity report with broker Marsh went to press. Fast forward a year and law firm risk managers and general counsel (GCs) are faced with a harsher environment to navigate on many fronts. Not least is the Solicitors Regulation Authority (SRA)’s tougher stance on sexual misconduct allegations and calls for firms to have better procedures in place for handling internal complaints, as laid out in the regulator’s new Standards and Regulations (StaRs) rulebook last September.

As Stephen Morton, senior vice-president for professional risks at Marsh, observes: ‘It is striking how human the risks are now, compared to ten years ago after the financial crash when [they] were very much measured against loss strategies. There has been a shift to realising that the legal profession is fundamentally built on people.’ Continue reading “Risk management survey 2020 – Crooked timber”

Junior barristers blast the government’s ‘woefully insufficient’ self-employed support package

Junior barristers blast the government’s ‘woefully insufficient’ self-employed support package

Junior barristers have heavily criticised the government’s self-employed support package as ‘woefully insufficient’ while imploring the Bar Council to address ‘urgent and serious concerns’ about the scheme.

The open letter, published today (30 March), says the government’s Self-Employed Income Support Scheme announced last Thursday neglects newly-qualified barristers as it does not provide financial aid to those without 2018/19 self-employed tax returns that accurately reflect their current earnings. Continue reading “Junior barristers blast the government’s ‘woefully insufficient’ self-employed support package”

‘Under-funded and ill-served’ courts face pressure to adapt as coronavirus hits the justice system

‘Under-funded and ill-served’ courts face pressure to adapt as coronavirus hits the justice system

Courts in England and Wales have made changes to their practices as the Lord Chief Justice joins those dismissing claims the courts can operate as normal as the spread of coronavirus widens.

The justice minister Chris Philip said this week courts would be ‘operating as normal’ despite guidance from the Prime Minister Boris Johnson warning people to avoid unnecessary journeys and to work from home where possible. Continue reading “‘Under-funded and ill-served’ courts face pressure to adapt as coronavirus hits the justice system”

‘Not ingredients for activity’: Treasury reveals fiscal stimulus to battle coronavirus slump

‘Not ingredients for activity’: Treasury reveals fiscal stimulus to battle coronavirus slump

Amid growing economic uncertainty, Treasury today (11 March) announced a budget looking to reassure businesses as coronavirus fears continue to rise and law firm partners brace for a slowdown.

The budget comes as early optimism for 2020 has turned to anxiety among major law firms, with clients become increasingly impacted by the global outbreak of coronavirus. Chancellor Rishi Sunak unveiled a £30bn package to help tackle the virus, which included the abolition of business rates for small businesses and a £1bn government-backed loan scheme. Continue reading “‘Not ingredients for activity’: Treasury reveals fiscal stimulus to battle coronavirus slump”

Beckwith takes SDT misconduct decision to High Court appeal

Beckwith takes SDT misconduct decision to High Court appeal

Former Freshfields Bruckhaus Deringer partner Ryan Beckwith has filed a High Court appeal against the Solicitors Disciplinary Tribunal’s (SDT) finding against him in a case of sexual misconduct.

The appeal follows last October’s high-profile judgment that Beckwith knew or ought to have known that the junior member of staff he had sexual activity with was intoxicated and her judgement impaired and that he knew or ought to have known that his conduct was inappropriateContinue reading “Beckwith takes SDT misconduct decision to High Court appeal”