A Knight(s)rider lands in hot water
A Knights partner who was convicted of assault and also drink driving, has been fined £1,700 by the Solicitors Regulation Authority.
According to a SRA settlement agreement published this week, Simon Trees, a dispute resolution partner at Knights, had been convicted of two separate offences which took place within a few days.
For the first offence, Trees had "pushed and grabbed the arm of another person during a brief altercation at his private residence" in August 2021. He pleaded guilty at Loughborough Magistrates’ Court in March this year. The court discharged him conditionally for 24 months, and ordered that he pay costs of £85 and a victim surcharge of £22.
For the second incident, police stopped Trees while he was driving, and a breathalyser test revealed that he was over the alcohol limit. The Knights partner pleaded guilty in September 2021, at the same court. The court disqualified Trees from driving for 23 months (which was reduced after he completed a driving course), fined him £1730, and ordered that he pay costs of £85 and a victim surcharge of £173.
Trees admitted to the SRA that he failed to behave in a way which upholds public trust and confidence in the solicitors' profession. The regulator took into account that Trees had "promptly reported his convictions to the SRA, and cooperated with its investigation", and "there was no lasting harm caused to persons or property in either incident". The SRA also noted that the Knights partner showed "insight and remorse for his actions."
The regulator therefore deemed a fine to be appropriate of £1700 as well as costs of £300.
In other news at Knights, insiders told RollOnFriday that the workforce "have been forced to come in 5 days a week".
A source also told RollOnFriday that the firm has extended its date for reporting its half-year results from October to some time in December as referred to in the firm's financial calendar. The source said the full year results will be reported in April 2023, only four months after the half-year figures. "Therefore Knights do three quarter and full year results unlike everybody else," said the source.
However, well after the press deadline (but not three months) Knights PR confirmed the firm hasn't delayed, as it "never reported half-year results in October". The spokesman clarified that the firm "typically announce a HY trading update in late November each year covering the Six Months Ended 31 October. This is usually followed by the full, Half Year Results being announced in early January, a couple of months later, as is typical for a listed business."
The spokesman added: "Knights typically report a full year trading update in May covering the Year Ended 30 April. This is followed by the full, full year results typically being announced in July each year." And that "Knights, therefore, follows best practice financial reporting."