Rightmove and RICS find cause for optimism in latest market reports – with caveats
Analysis from Rightmove and the Royal Institute of Chartered Surveyors (RICS) suggests the housing market is heading towards recovery. Real-time analysis from Rightmove revealed strong buyer demand during the first week in September, with the latest report from RICS also finding signs of stabilisation. However, RICS warned that despite the apparent stability, “headwinds over the […]
Conveyancing Association reiterates opposition to ILCA as MoJ ‘presses on with plans’
The Conveyancing Association (CA) has reiterated its “strong opposition” to the proposed Interest on Lawyers’ Client Accounts (ILCA) scheme, following reports the Ministry of Justice (MoJ) is recruiting for a role which would help design and implement the policy. The CA said it is “deeply disappointed” that work on the scheme appears to be progressing […]
Solicitor suspended for compliance failings and ‘reckless’ conduct
A solicitor has been suspended and ordered to pay costs of more than £7,000 after failing to ensure the firms books of account were maintained in compliance with Solicitors Regulation Authority (SRA) rules and acting with “reckless” conduct. The Solicitors Disciplinary Tribunal (SDT) found that John Cruickshank, a sole practitioner at Geoffrey Hill & Co, […]
FCA will take on AML oversight ‘by end of 2028’
The Financial Conduct Authority (FCA) will begin supervising businesses for anti-money laundering compliance before the end of 2028, with a “broad aim” for all firms within scope to be included by mid-2030. The plans were revealed by the Labour peer Lord Pitt-Watson during a House of Lords debate on the Financial Services and Markets Bill […]
LawCare launches free online course to support wellbeing in the workplace
Legal sector mental health charity LawCare has launched a new free online course to support wellbeing in the workplace. Supporting legal workplace wellbeing is aimed at managers, team leaders, wellbeing leads and champions, as well as people working in human resources, learning and development and other support roles in the legal sector. The course offers practical […]
Lawful basis for AI: A decision you make once, not a log you keep
In the second of a series on safely adopting AI, Ed Molyneux clears up the most misunderstood obligation in the field, and explains what a firm’s record of AI use is really for. Of the five duties set out in this series last week, one draws more questions than the other four combined, and […]