The decision earlier on Friday to overturn the Solicitors Disciplinary Tribunal’s (SDT) decision to fine and reprimand former Freshfields Bruckhaus Deringer partner Ryan Beckwith for alleged misconduct is sure to reverberate across the U.K.’s legal profession. As one person close to the situation commented, the judgment has “far reaching consequences for the regulation of the legal profession.”

So how did the High Court arrive at its ruling?