Regulation and compliance
MTG partner Richard Turnor was quoted in the FT in an article about the legal advisors in the BHS sale and the compliance and regulatory processes law firms have in place when vetting clients.
“Richard Turnor, a partner at Maurice Turnor Gardner who specialises in advising professional practices, said Mr Chappell’s former bankruptcy should have raised red flags at the law firm, not least over his ability to pay his legal bills….Mr Turnor said typically lawyers check to ensure prospective clients are not trying to launder money, there are no conflicts of interest with regulation or other clients, and that the firm will not incur reputational risk.”
Related in brief posts
Mergers, finance, technology and succession planning were high on the agenda at the latest Gazette roundtable, which discussed changing law firm business structures.
Brexit considerations for Professional Service firms
With the UKBA's requirement for a Tolstoyesque dossier of details on visa applicants, one may be able to sympathise with Roman Abramovich's immigration troubles.