Clyde & CoClyde & Co Suspends Shipping Duo
The firm has referred the pair to the SRA and launched an internal investigation.
July 19, 2019 at 08:58 AM
2 minute read
Clyde & Co has confirmed that two of its shipping lawyers have been suspended, pending an internal investigation.
According to shipping news publication TradeWinds, which first reported the story, the individuals are a partner and an associate at the firm.
A spokesperson for Clydes said: "We can confirm that we have referred two solicitors to the Solicitors Regulatory Authority of England & Wales in relation to matters concerning the application of the SRA Code of Conduct 2011 and the SRA Accounts Rules 2011.
"The solicitors have been suspended, pending an internal investigation. It would not be appropriate to comment further at this stage."
The SRA accounts rules relate to issues such as conduct when dealing with client money.
In 2017, three Clyde & Co partners were each fined £10,000 by the Solicitors Disciplinary Tribunal for breaching money laundering rules.
Projects partner Nick Purnell and corporate partners Christopher Duffy and Simon Gamblin admitted that they had allowed the firm's client bank account to be used as a banking facility, which breached a number of regulations under the SRA Accounts Rules 2011 and the Money Laundering Regulations 2007.
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