SRA publishes new ‘Independent solicitor’ guidance

The Solicitors Regulation Authority (SRA) is allowing sole practitioners to register as ‘Independent Solicitors’ negating the need for them to authorise their firm as a recognised sole practice.  Currently close to a quarter of SRA-regulated firms are sole practitioner firms and until this regulatory change all would have needed authorisation from the SRA.  However, the new rules, which come in to effect from 25 November 2019, mean that solicitors will not need to do this if they only provide non-reserved legal services, and even reserved activities in certain circumstances.  It will also be possible for independent solicitors to come together in a ‘Chambers style’ arrangement in order to share administrative overheads.

Read the full SRA guidance

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