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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.”

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