The Solicitors Regulation Authority (SRA), has produced a dedicated webpage of resources for solicitors to help them prepare for the introduction of their new Standards and Regulation on 25 November. The new Standards and Regulations aim to reduce bureaucracy, simplify rules and provide greater flexibility. One of the key new requirements is for all law firm…
SRA report: upholding professional standards
The Solicitors Regulation Authority has published a report detailing how it deals with complaints, undertakes investigations and decides on what sort of regulatory action is required. The report covers the period November 2017 – October 2018 and includes case studies and reflects upon emerging trends, such as the use of NDAs. Download the report …
LSB updates governance rules to “enhance regulatory independence”
A new set of rules have been released by the Legal Services Board (LSB), which aim to clarify the separation between representative bodies and their regulators. The internal governance rules (IGRs) have been published following a series of public consultations that first began in November 2017. The rules which were released by the oversight regulator…
Solicitors Regulation Authority publishes Residential Conveyancing thematic review
A review about the service provided by solicitors to the public Published 5 April 2019 Executive summary Buying and selling a property is often the most expensive and important financial commitment a person makes in their life. Having access to reliable and good quality legal support really matters. It not only reduces stress and uncertainty,…
Independent Review of UK Legal Services Regulation Launched
The Centre for Ethics and Law in the UCL Faculty of Laws is undertaking a fundamental review of the current regulatory framework for legal services, led by Honorary Professor Stephen Mayson. The independent review is intended to explore the longer-term and related issues raised by the 2016 Competition and Markets Authority (CMA) market study, which concluded that the legal services sector…
Transparency lies at the heart of Consumer Satisfaction
In January, the Legal Services Board (LSB) of England & Wales released its Regulatory Performance: Transitional Assessment Review looking at the transitional assessment of each legal services regulatory body against the LSB’s regulatory performance standards. The report found that it had “sufficient assurance that the regulatory bodies have met the minimum required level of performance…
Enforcing legal conduct to protect quality of legal services
Enforcement of professional codes and laws of conduct is a critical facet of legal regulation. Lawyer misconduct can have severe ramifications for consumers and the wider legal services market, eroding the reputation of the industry and jurisdiction. However, the processes and protocols for reporting misconduct by a legal service provider is often difficult or lengthy…
Incoming Bar chair warns of “nightmare scenario” over regulation
The Bar could be “sleep walking into a nightmare scenario” where new rules mean it has no involvement with its regulator, the incoming chairman of the Bar Council has warned. Richard Atkins QC also suggested that the Legal Services Board (LSB) did not have the evidence to back up its assertion that its proposed internal…
Regulators “must guard against misuse of lawtech”
Artificial intelligence-backed lawtech has the potential to improve access to justice but also carries a danger that automating law will be used negatively, meaning regulators will have to step in, a global innovation charity has warned. Nesta, which is working with the Solicitors Regulation Authority (SRA) to identify and support transformative AI legal technology, backed…
Asia Pacific lawyers could benefit from no-deal Brexit
If the UK exits the EU without a deal, there would be an end to the current preferential treatment of EU lawyers wishing to practise in England & Wales. The Solicitors Regulation Authority says that the UK Government has made clear that this would be the case if the UK moves to WTO rules, ending…