*/
Solicitor – Duty. The bank had issued proceedings against the defendant firm of solicitors for breach of trust in connection with a re-mortgage transaction. The Court of Appeal, Civil Division, held that the judge had been entitled to find that the solicitors had acted in breach of trust in failing to use the bank's advance to fully discharge the prior charge on the property, but had erred in finding that the breach was limited to the amount of the shortfall which would have been necessary to fully discharge the prior charge in circumstances where the solicitors had had no authority to release any of the funds. However, the relief granted was equitable compensation calculated by reference to actual loss related to the undischarged prior charge. The Supreme Court, in dismissing the bank's appeal, affirmed the general approach to the assessment of equitable compensation for breach of trust as described in Target Holdings Ltd v Redferns (a firm) [1995] 3 All ER 785.
Solicitor – Duty. The bank had issued proceedings against the defendant firm of solicitors for breach of trust in connection with a re-mortgage transaction. The Court of Appeal, Civil Division, held that the judge had been entitled to find that the solicitors had acted in breach of trust in failing to use the bank's advance to fully discharge the prior charge on the property, but had erred in finding that the breach was limited to the amount of the shortfall which would have been necessary to fully discharge the prior charge in circumstances where the solicitors had had no authority to release any of the funds. However, the relief granted was equitable compensation calculated by reference to actual loss related to the undischarged prior charge. The Supreme Court, in dismissing the bank's appeal, affirmed the general approach to the assessment of equitable compensation for breach of trust as described in Target Holdings Ltd v Redferns (a firm) [1995] 3 All ER 785.
The Chair of the Bar reports back
By Kem Kemal, CEO, Henry Dannell
By BSK Financial Planning
Mário Barroso, Head of R&D and Method Development at AlphaBiolabs
Susie Griffin on the admin that keeps barristers from billable work
Clement Cowley, Partner at The Penny Group, explains how global events can influence the performance of pensions and ISAs, and why taking a long-term approach to investing is often the most effective strategy
Kick off your career at the Bar Council’s Pupillage Fair this October – it’s one of the most valuable opportunities for aspiring barristers, says Amelia Clegg
Join us on Saturday 21 November 2026 at Leeds Beckett University and see for yourself why the North continues to be an exceptional place to build a career at the Bar
The golden age of advocacy? David Langwallner pays homage to the filmic if contentious barrister Sir Edward Carson and some of his contemporaries
Henry Fingerhut outlines what the Bar Standards Board AI guidance means for early career barristers
Not yet, says Jacob Turner. Regulation, unlike the technology itself, is a domain the legal profession can still control
