Locke Lord receives record SDT fine for failure to prevent former partner's 'dubious' actions

US firm hit with record £500,000 fine after admitting failure to oversee former partner

Locke Lord has received a record £500,000 fine from the Solicitors Disciplinary Tribunal (SDT), after admitting that it failed to prevent a former London partner from using a client account for “dubious” financial arrangements.

The penalty is double the previous record SDT fine of £250,000 handed out to White & Case earlier this year for conflict and confidentiality failures.

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