One of the world’s leading law firms fined a record £250,000
White & Case has been fined a record £250,000 by the Solicitors Disciplinary Tribunal (SDT) for breaching conduct rules.
The SDT found that the firm had acted ‘recklessly’ failing to declare conflicts of interest and protect confidential information about a $2 billion Ukrainian commercial dispute. The case had been referred but the Solicitors Regulation Authority (SRA) after the High Court barred the firm from acting on the case finding it had failed to reveal a conflict of interest. White & Case has been ordered pay £250,000 with partner David Goldberg singled out for an additional £50,000 fine after it was determined he had provided confidential information concerning the work undertaken to another partner in the firm involved in acting on a conflicting matter. The firm admitted to acting ‘recklessly’ in respect of the two matters. The SDT announced its judgment yesterday and it will be published in the coming days.