Dallas-Based Locke Lord Fined for Ethics Violations, “Acting Without Integrity”
Law firm Locke Lord has received the largest fine ever levied by the profession’s U.K. regulatory body, the Solicitors Disciplinary Tribunal, reports The Global Legal Post.
“The firm has to pay £500,000 [$654,632] after accepting four allegations of misconduct, including acting with a lack of integrity, the first time a law firm has admitted to this,” according to the report.
The firm failed to supervise a lawyer involved in transactions showing signs of irregular financial arrangements or investment schemes, the regulatory body alleged.
On its website, the Dallas-based firm says it has offices across the United States, as well as in Hong Kong and London.