Former Reed Smith lawyer struck off for fraud
Reed Smith solicitor has been struck off and ordered to pay £160,000 costs after being found guilty of fraud.
City Law Financial founder Paul Fallon was found to have spent client money that should have been paid to counsel, in a hearing before the Solicitors’ Disciplinary Tribunal (SDT). The Tribunal also found that Fallon had made false statements about the settlement of fees, appeared on behalf of clients in proceedings in the High Court when he was not qualified to do so, practised without a valid certificate, and made a false statement about an adverse costs order to a client.
Fallon founded City Law in 2006, but he was shut down six years later after the SRA found that he had failed to comply with the Code of Conduct.
SRA director of legal and enforcement Gordon Ramsay said: “The allegations found proven against Mr Fallon are numerous, and each on its own would have been very serious. The dishonesty found in this case is wholly unacceptable and, in the SRA’s view, striking off is a wholly appropriate outcome to this matter.”