Paul Rogerson
Editor-in-Chief at The Law Society Gazette
Editor in chief, Law Society Gazette. Shackled to @LUFC like Harold Steptoe was shackled to Albert. All views personal. Retweets/links are not endorsements
Articles
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2 weeks ago |
lawgazette.co.uk | Paul Rogerson
City law firms must toughen up client onboarding to stop kleptocrats washing dirty money through London, an ethics taskforce warned this week. Legislators will criminalise professional ‘enablers’ if they failStewarts hosted the launch of this week’s Institute of Business Ethics report on client acceptance at its swish City HQ just off London’s Fleet Street.
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3 weeks ago |
lawgazette.co.uk | Paul Rogerson
Law firms should deploy a six-step ‘gating process’ for accepting clients to restore public trust and shed the profession’s reputation as a conduit for dirty money. Complying with anti-money-laundering regulations is not enough on its own. This is the main recommendation of a distinguished taskforce established by the Institute of Business Ethics in the wake of Russia’s invasion of Ukraine to probe the role of solicitors in advising oligarchs and kleptocrats.
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1 month ago |
lawgazette.co.uk | Paul Rogerson
Last week I noted that the Law Society’s benchmarking survey was awkwardly timed, finding as it did that client interest is turbocharging practice profits. The Solicitors Regulation Authority is mulling the client account as part of its review of consumer protection, stating that it can find no ‘compelling’ argument in favour of allowing firms to boost earnings thus.
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1 month ago |
lawgazette.co.uk | Paul Rogerson
Might the prospect of tipping dozens of law firms into financial trouble deter the Solicitors Regulation Authority from imposing a ban on pocketing interest on client money? A provocative question but not a facetious one, judging by this year’s Law Society Financial Benchmarking Survey.
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1 month ago |
lawgazette.co.uk | Paul Rogerson
Law firms buoyed by interest on client money must ‘wean themselves off’ this lucrative income stream. That is a key message of the annual Law Society Financial Benchmarking SurveyAwkwardly timed it may be, but the principal finding of this year’s Law Society Financial Benchmarking Survey can hardly be airbrushed. Interest on client money turbocharged partner profits last year, while organic growth was once again conspicuous by its absence. The numbers are stark.
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