Ross & Co Solicitors LLP
Hamilton House, 1 Temple Avenue, London
, EC4Y 0HA
Recognised body
563783
Decision - Fined
Outcome: Fine
Outcome date: 3 January 2024
Published date: 9 February 2024
Firm details
Firm or organisation at date of publication
Name: Ross & Co Solicitors LLP
Address(es): Hamilton House, 1 Temple Avenue, London, EC4Y 0HA
Firm ID: 563783
Outcome details
This outcome was reached by SRA decision.
Decision details
Ross & Co Solicitors LLP was directed to pay a fixed financial penalty of £1,500 and costs of £150.
Reasons/basis
Ross & Co Solicitors LLP is a recognised body whose office is at Hamilton House, 1 Temple Avenue, London, EC4Y 0HA.
Firms must at all times have in place a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA).
A firm must designate a person as its COLP and a person as its COFA and the SRA must approve that person before they commence their role.
The COLP and COFA of a firm have specific responsibility for ensuring a firm, its managers and employees comply with the SRA’s regulatory requirements. They are also responsible for recording any breaches and reporting those to the SRA, where necessary.
A firm must promptly notify the SRA if it becomes aware of any material changes to information previously provided to the SRA, by it or on its behalf, including to its compliance officers.
Ross & Co Solicitors LLP failed to:
- promptly notify the SRA of a material change to the information it had previously provided to the SRA about its COLP
- promptly notify the SRA of a material change to the information it had previously provided to the SRA about its COFA
in breach of paragraph 3.8(a) of the Code of Conduct for Firms.
The firm continued to breach this requirement after the SRA directed it to pay a fixed financial penalty of £750.
Decision - Fined
Outcome: Fine
Outcome date: 16 November 2023
Published date: 9 February 2024
Firm details
Firm or organisation at date of publication
Name: Ross & Co Solicitors LLP
Address(es): Hamilton House, 1 Temple Avenue, London, EC4Y 0HA
Firm ID: 563783
Outcome details
This outcome was reached by SRA decision.
Decision details
Ross & Co Solicitors LLP was directed to pay a fixed financial penalty of £750 and costs of £150.
Reasons/basis
Ross & Co Solicitors LLP is a recognised body whose office is at Hamilton House, 1 Temple Avenue, London, EC4Y 0HA.
Firms must at all times have in place a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA).
A firm must designate a person as its COLP and a person as its COFA and the SRA must approve that person before they commence their role.
The COLP and COFA of a firm have specific responsibility for ensuring a firm, its managers and employees comply with the SRA’s regulatory requirements. They are also responsible for recording any breaches and reporting those to the SRA, where necessary.
A firm must promptly notify the SRA if it becomes aware of any material changes to information previously provided to the SRA, by it or on its behalf, including to its compliance officers.
Ross & Co Solicitors LLP failed to:
- promptly notify the SRA of a material change to the information it had previously provided to the SRA about its COLP
- promptly notify the SRA of a material change to the information it had previously provided to the SRA about its COFA
in breach of paragraph 3.8(a) of the Code of Conduct for Firms.
The firm failed to remedy this breach after being given notice and reasonable time in which to do so.