Four City of London law firms have racked up the best part of £1 million in fines in the past year for breaching professional rules in an unprecedented blitz of regulatory action that has some commentators suggesting there is a new sheriff in town.
Regulation experts also predict that there will be more to come as the profession’s watchdog sheds a reluctance to pursue the large commercial law firms.
John Gould appears in The Times on the SRA's recent crackdown on commercial firms breaching professional rules.
Big hitters finally face wrath of fines from watchdog is available to read on The Times website via subscription.
John is Senior Partner of Russell-Cooke. John's area of particular expertise is regulation and public law. He specialises in the analysis and solution of complex regulatory problems, advising regulators, government departments, law enforcement agencies, charities and statutory and professional bodies.