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16 March 2018 / John Gould
Issue: 7785 / Categories: Features , Regulatory
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Regulatory matters

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John Gould explains why honesty & integrity are not the same

  • The relationship between two concepts: honesty and integrity.
  • Clear ethical standards are the foundation of our profession and the basis of the public trust upon which our profession depends.
  • Distinguishing between the two, integrity is the standard that matters for the regulation of our profession.

You might have thought that what it means to act honestly or with integrity wouldn’t have been in much doubt since the days when Adam came to realise that serpents weren’t to be trusted to the ends of the Garden of Eden. You would, however, be wrong. Ethical standards change according to time and place. If there had been a Viking Code of Conduct, no doubt successful murder and pillage would have been required outcomes and the particularly harsh treatment of monks an indicative behaviour.

The same, of course, is true of the standards of conduct generally. Once, a solicitor who kept clients’ money in his own bank account and acted as a banker would not have been criticised

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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