Solicitors Regulation Authority (SRA) Jurisdiction: England and Wales Country: United Kingdom Regulatory function: The SRA is the regulator of admission, practice and discipline for solicitors. It also authorises and monitors law firms. Further information: SRA website ICLR members:
Costs of regulation in England and Wales
The Legal Services Board found little evidence on the costs of legal sector regulation, so in late 2014 it surveyed the regulated community and in 2015 it commissioned a study of the incremental costs of regulation – those incurred to comply with legal regulation. Categories of regulatory cost in the studies include: Requirements to…
Innovation in legal services
The Solicitors Regulation Authority surveyed 1,500 organisations and concluded: Alternative Business Structures (ABSs) have succeeded in promoting innovation and diversity; ABS Solicitors are 13-15 per cent more likely to introduce new legal services. Solicitors are, on average, more innovative than other regulated legal services organisations in terms of both managerial and organisational changes. 80 per…
Firms keen on taking up Clementi Report reforms November 2006
Notes on source This document was included in a review of regulatory information by the Legal Services Board in England and Wales, between 2010 and 2012. The following paragraphs repeat the LSB’s notes on the document at that time. Supply | Dynamic market analysis | What is the likely take-up of ABS as a structure?…