The SRA has opened a consultation that could lead to a shake-up of its powers to fine law firms for lower-level offences. The body oversees some 10,000 law firms and under the proposals, the income of the firms would be considered with fines up to a maximum of up to 5% of annual turnover being proposed for larger firms.
Other proposals include introducing a schedule of penalties from £800 up to £1,500 for offences such as failing to respond to the Anti Money Laundering risk assessment declaration. The aim is to speed up and streamline the process, which can often become administratively cumbersome.
The SRA has opened a consultation that could lead to a shake-up of its powers to fine law firms for lower-level offences. The body oversees some 10,000 law firms and under the proposals, the income of the firms would be considered with fines up to a maximum of up to 5% of annual turnover being proposed for larger firms.
Other proposals include introducing a schedule of penalties from £800 up to £1,500 for offences such as failing to respond to the Anti Money Laundering risk assessment declaration. The aim is to speed up and streamline the process, which can often become administratively cumbersome.
Education/admissions
Afqar is involved in the firm's diversity initiatives and a keen advocate for social mobility and opportunities for all.
Afqar was amongst the first in our profession become a regulated Costs Lawyer. He enjoys rights of audience in relation all costs proceedings.
Afqar is also an accredited training provider.
Experience and notable cases
Kuwait Airways Corporation (KAC) –v- Iraqi Airways Company (IAC) – Following the longest running commercial case in the history of the English courts I prepared KAC’s massive costs claim, one the largest ever to reach the doors of the Senior Courts Costs Office. Legal costs claim of >£40M.
Pharma patent litigation – I was instructed by a leading global law firm on behalf of the successful parties in patent infringement and revocation proceedings involving some of the world’s largest pharmaceutical companies. Legal costs claim of >£5M.
Telecoms patent litigation – I was instructed by a top tier specialist firm of patent litigators to prepare various complex costs statements following trials and appeals involving some of the world’s largest technology corporations. Legal costs claim of >£10M.
High-profile costs claim following failed £100M civil recovery proceedings – instructed by a market leading international litigation team acting for a foreign citizen whose worldwide assets were subject of a civil recovery claim brought by the National Crime Agency (NCA). My team and I prepared a number of high value interrelated claims for costs on behalf of the successful party . Legal costs claim of >£5M.
Excalibur Ventures v Texas Keystone – The case generated several decisions of wider importance in the legal costs field (relating to security for costs, indemnity costs, and the availability of a non-party costs order against professional funders – a point on which the Association of Litigation Funders also intervened). I prepared the successful party's costs breakdowns and provided witness statements in support of its security for costs applications. Following the conclusion of the substantive litigation I prepared the defendant’s £20M> costs breakdown.
Challenge to remuneration and expenses of joint administrators – instructed by a market leading international litigation team: I was instructed to prepare a detailed challenge to the charges of a global financial consultancy and their advisers (including two high-profile international law firms), in connection with the administration of a UK energy supplier. The application for assessment of fees and expenses of >£5M under the Insolvency Act 1986 was the first significant challenge of its kind in 20 years.
Education
LLB (Hons) – University of London (1994)
LLM (Distinction) – University of East Anglia (2018)
PhD (law) - University of East Anglia (2024)
Professional and research interests: Costs law and practice, litigation funding, responsibility theory, vicarious liability, products liability, litigation practice, philosophical foundations of tort law. My doctoral thesis examined relationships between (pre-moral, pre-legal) outcome responsibility and strict tortious obligations of repair. Time permitting, future research output will address aspects of costs law and practice, third party litigation funding, as well as approaches to responsibility for harm caused by intelligent products (for ‘algorithmic accidents’).
