A report by the Solicitors Regulation Authority (SRA) suggests that risks posed to law firms and the public by money laundering, cybercrime and suspect investment schemes have all reached record highs. Data revealed in the SRA’s annual Risk Outlook report shows that criminals are increasingly targeting law firms in order to steal tens of millions from businesses. Statistics include reports of money laundering relating to law firms having risen by two thirds since 2016; losses of £47.4m since 2015 due to possibly dubious investment schemes; and reports of cybercrime up 50% year-on-year, reaching a record high of 157 in 2017.
01 August 2018
Risks to law firms hit record highs
MOVERS & SHAKERS
Slater Heelis—Charlotte Beck
Partner and Manchester office lead appointed head of family
Civil Justice Council—Nigel Teasdale
DWF insurance services director appointed to Civil Justice Council
R3—Jodie Wildridge
Kings Chambers barrister appointed chair of R3 Yorkshire
NEWS
The abolition of assured shorthold tenancies and section 21 evictions marks the beginning of a ‘brave new world’ for England’s rental sector, writes Daniel Bacon of Seddons GSC
Stephen Gold’s latest Civil Way column rounds up a flurry of procedural and regulatory changes reshaping housing, alternative dispute resolution (ADR) and personal injury litigation
Patients are being systematically failed by an NHS complaints regime that is opaque, poorly enforced and often stacked against them, argues Charles Davey of The Barrister Group
A wealthy Russian divorce battle has produced a sharp warning about trying to challenge foreign nuptial agreements in the wrong English court. Writing in NLJ this week, Vanessa Friend and Robert Jackson of Hodge Jones & Allen examine Timokhin v Timokhina, where the High Court enforced Russian judgments arising from a prenuptial agreement despite arguments based on the landmark Radmacher decision
An obscure Victorian tort may be heading for an unexpected revival after a significant Privy Council ruling that could reshape liability for dangerous escapes, according to Richard Buckley, barrister and emeritus professor of law at the University of Reading
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