Solicitors will need to pay an extra £50 per year to the Compensation Fund, which compensates victims of solicitor dishonesty or incompetence. The Solicitors Regulation Authority (SRA) said the level of contributions for 2018/19 will rise from £40 to £90 for solicitors, and from £778 to £1,680 for firms (an increase of £902). The SRA highlighted the dangers of solicitor involvement in dubious investment schemes in its reasons for increasing the levy for the second year running. SRA Chief Executive, Paul Philip, said: ‘The rise in contributions reflects the forecasts of increased pressure on the Fund.’
14 June 2018
Contributions to Compensation Fund to rise
MOVERS & SHAKERS
Jurit LLP—Caroline Williams
Private wealth and tax team welcomes cross-border specialist as consultant
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HFW—Simon Petch
Global shipping practice expands with experienced ship finance partner hire
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Freeths—Richard Lockhart
Infrastructure specialist joins as partner in Glasgow office
NEWS
Talk of a reserved ‘Welsh seat’ on the Supreme Court is misplaced. In NLJ this week, Professor Graham Zellick KC explains that the Constitutional Reform Act treats ‘England and Wales’ as one jurisdiction, with no statutory Welsh slot
The government’s plan to curb jury trials has sparked ‘jury furore’. Writing in NLJ this week, David Locke, partner at Hill Dickinson, says the rationale is ‘grossly inadequate’
A year after the $1.5bn Bybit heist, crypto fraud is booming—but so is recovery. Writing in NLJ this week, Neil Holloway, founder and CEO of M2 Recovery, warns that scams hit at least $14bn in 2025, fuelled by ‘pig butchering’ cons and AI deepfakes
After Woodcock confirmed no general duty to warn, debate turns to the criminal law. Writing in NLJ this week, Charles Davey of The Barrister Group urges revival of misprision or a modern equivalent
Family courts are tightening control of expert evidence. Writing in NLJ this week, Dr Chris Pamplin says there is ‘no automatic right’ to call experts; attendance must be ‘necessary in the interests of justice’ under FPR Pt 25
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