header-logo header-logo

Regulatory matters

16 March 2018 / John Gould
Issue: 7785 / Categories: Features , Regulatory
printer mail-detail
nlj_7785_gould

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

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Freeths—Ruth Clare

Freeths—Ruth Clare

National real estate team bolstered by partner hire in Manchester

Farrer & Co—Claire Gordon

Farrer & Co—Claire Gordon

Partner appointed head of family team

mfg Solicitors—Neil Harrison

mfg Solicitors—Neil Harrison

Firm strengthens agriculture and rural affairs team with partner return

NEWS
The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
A Competition Appeal Tribunal (CAT) ruling has reopened debate on the availability of ‘user damages’ in competition claims. Writing in NLJ this week, Edward Nyman of Hausfeld explains how the CAT allowed Dr Liza Lovdahl Gormsen’s alternative damages case against Meta to proceed, rejecting arguments that such damages are barred in competition law
The next generation is inheriting more than assets—it is inheriting complexity. Writing in NLJ this week, experts from Penningtons Manches Cooper chart how global mobility, blended families and evolving values are reshaping private wealth advice
back-to-top-scroll