SRA to become distinct legal entity within the Law Society Group

The Law Society and the Solicitors Regulation Authority of England and Wales have agreed to set up the SRA as a distinct legal company within the Law Society Group.   The aim is to deliver clearer financial reporting, without changing the fundamental relationship.

In a joint statement Law Society President, Simon Davies and SRA Chair, Anna Bradley said:

“We have for some time been discussing our future relationship and have agreed that, given the need to comply by June with new internal governance regulations from the Legal Services Board, now is the time to establish the Solicitors Regulation Authority as a distinct legal entity within the Law Society Group. This will mean that both organisations can focus on our respective roles while working together wherever appropriate.

We consider that the new arrangement will not only be more effective but create more transparency for the profession and the public about our roles and responsibilities.”

See the full statement from the Law Society.

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