News stories, articles and events that may be of interest to our community of legal regulators.
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Consultation on the draft business plan and budget for 2025/26 of the Legal Services Board of England and Wales
The Legal Services Board (LSB) of England and Wales has proposed a new draft business plan for 2025/26, aiming to address systemic challenges in the…Annual report of the Victorian Legal Services Board and Commissioner
In its annual report, published on 28 October, the Victorian Legal Services Board and Commissioner (VLSB+C) set out the results of its work on legal…Phase 2 of the national study on wellness in the Canadian legal profession is released
The second phase of the national study on wellness in the Canadian legal profession, released in October 2024, provides critical insights into the mental, physical,…Dedicated guidance issued to support in-house solicitors in England and Wales
On 18 November 2024, the Solicitors Regulation Authority (SRA) released comprehensive guidance tailored to support the over 34,500 in-house solicitors working across England and Wales.…Special bulletin on the use of the legal profession in money laundering and sanctions evasion in Canada
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a Special Bulletin in October 2024 highlighting the role of the legal profession…Legislation to strengthen Australia’s anti-money laundering and counter-terrorism financing regime has passed parliament
Australia has strengthened its anti-money laundering and counter-terrorism financing (AML/CTF) regime with the passage of the AML/CTF Amendment Bill 2024 through Parliament. This legislation is…Enhanced productivity for law firms in Singapore with the integration of microsoft copilot into the legal technology platform
On 11 September 2024, the Ministry of Law (MinLaw) in Singapore, in collaboration with technology providers Lupl and Microsoft, has launched the ‘Copilot for SG…Victorian Legal Services Board and Commissioner statement on the use of AI in Australian legal practice
The Victorian Legal Services Board and Commissioner (VLSBC), alongside other legal bodies in Australia, has issued a new statement on 6 December 2024 on the…Group of 7 Bars and Law Societies Statements on Artificial Intelligence (AI)
The Japan Federation of Bar Associations (JFBA) has endorsed a significant international declaration, the “G7 Bars’ Statement on Artificial Intelligence (AI),” which was officially supported…Solicitors Regulation Authority: Convictions highlight Chinese ‘underground banking’ danger
The recent convictions of seven individuals involved in a Chinese underground banking network highlight the complexities and risks associated with money laundering through informal value…Law Practices at risk of losing client money, and their reputation
The recent sentencing of Victorian paralegal Athena Razos to over five years in prison for embezzling $1.56 million from a prominent Australian law firm has…Legal Services Regulatory Authority of Ireland publishes legal partnerships draft regulations
The Legal Services Regulatory Authority (LSRA) of Ireland is on the brink of introducing a new regulatory framework tailored for legal partnerships, marking a significant…Anti Money Laundering Suspicious Activity Reports thematic review initial findings
The Law Society of Scotland’s Anti-Money Laundering (AML) team has published initial findings from its thematic review of Suspicious Activity Reports (SARs), indicating robust procedures…The role of regulation in promoting diversity – or why the regulator should not stay out of the way
In a recent blog post, Mark Neale, Chief Executive of the Bar Standards Board of England and Wales, rebutted the suggestion from the Chair of…Anti-Money Laundering vulnerabilities analysis
The Law Council of Australia recently commissioned an independent analysis of the risks facing the Australian legal profession in relation to money laundering and terrorism…11th Circuit concurrence makes ‘modest proposal’ for use of AI-powered large language models in legal interpretation
In a recent concurrence from the 11th Circuit’s decision in Snell v. United Specialty Ins. Co., Judge Kevin Newsom explored the potential for AI-powered large…