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Regulatory Blog

5 June 2023

World Environment Day: The Challenges Facing Law Firms

Today being UN World Environment Day, no doubt many law firms and their employees will be reflecting on how they can do more in this important area.

Others are also reflecting on how to do more. Climate change is moving up the agenda of legal regulators worldwide and into the world of legal ethics. That will have an impact for all law firms.

Iain Miller

26 May 2023

FRC’s Scalebox: a welcome helping hand for mid-tier firms

Yesterday the FRC launched the pithily-titled “Scalebox” initiative to help smaller firms which carry out audits in the Public Interest Equity (PIE) market.  Firms within Tier 2 and Tier 3 for FRC Supervision and those firms which intend to enter the PIE audit market can now join the Scalebox to receive additional guidance from the FRC. 

Julie Matheson

18 May 2023

When will I be SLAPPed? Lawyers need to know

It’s been over a year since the government launched its call for evidence on SLAPPs (strategic lawsuits against public participation), seeking the views of the public on introducing legislation to address this perceived problem.

Iain Miller

3 May 2023

AML Update For Legal Practitioners and Law Firms - May 2023

This blog covers some important developments in the AML world since our last update for legal practitioners and law firms.

Updates to Legal Sector Affinity Group (“LSAG”) AML guidance

The LSAG AML guidance for the legal sector, designed to help legal professionals and firms comply with the Money Laundering Regulations 2017 (as amended), was updated on 28 March 2023.

Julie Norris

27 April 2023

Will the rise in students using ChatGPT lead to an increase in academic misconduct proceedings?

In a recent survey of over 400 students at the University of Cambridge, nearly half said they had used ChatGPT to help with work for their degrees.

The online survey was conducted by Varsity, the University’s independent newspaper, and found that 47.3% of the respondents admitted to using ChatGPT, or other similar Artificial Intelligence (AI) chatbots, for their academic work.

Shannett Thompson

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