On July 1, 2024, the Solicitors Regulation Authority (SRA) Board agreed it would potentially regulate Chartered Institute of Legal Executives (CILEX) members, if CILEX decides to redelegate this to the SRA. This follows CILEX’s 2022 proposal to transfer the regulation of its members from its own independent regulatory arm, CILEX Regulation, to the SRA. The…
Solicitors Regulation Authority consults on updates to financial penalty regime
On 28 June, the Solicitors Regulation Authority (SRA) published a 12-week consultation on proposed updates to its financial penalty regime in response to the new powers granted under the Economic Crime and Corporate Transparency Act 2023. These updates aim to ensure the SRA’s fining approach remains robust, fair, and transparent, especially in light of its…
Legal Services Regulatory Authority (LSRA) of Ireland proposals to increase transparency in conveyancing services
The Legal Services Regulatory Authority (LSRA) of Ireland has published a report proposing significant reforms to enhance competition, efficiency, and transparency in conveyancing services. The reforms focus on three main areas: digitalising the conveyancing system, introducing enhanced transparency requirements for solicitors regarding costs, and increasing consumer awareness to facilitate informed decision-making. The LSRA advocates for…
The Solicitors Regulation Authority seeks views on new resources specifically for in-house lawyers
The Solicitors Regulation Authority (SRA) has developed new resources to support the over 34,500 solicitors working in-house in England and Wales. These materials, created in collaboration with the regulator’s virtual in-house solicitor reference group, address issues identified in the SRA’s 2023 thematic review and feedback from in-house solicitors. When asked for comment, Juliet Oliver, General…
The Solicitors Regulation Authority of England and Wales is recruiting a Director of Consumer Policy and Engagement
The post of Director of Consumer Policy and Engagement will be responsible for driving confidence and trust in legal services, engaging in key debates about consumer policy and maintaining close engagement with consumers and consumer groups, and deepening the connection between strategic objectives and policy developments. This new position will lead a new team within…
Solicitors Regulation Authority of England and Wales issues first fines of new fixed penalty regime
The Solicitors Regulation Authority (SRA) has issued £750 fines to seven law firms for non-compliance with its transparency rules. This follows similar penalties issued to three firms in November 2023. The SRA introduced fixed penalties to deal with non-complex breaches more efficiently. Firms are given notices of potential fines and the opportunity to rectify the…
Solicitors Regulation Authority report looks at the risks and opportunities of AI in the law
A recently published report in the Risk Outlook series sheds light on the transformative impact of artificial intelligence (AI) within the legal services sector. The document underscores potential opportunities, such as the streamlining of administrative tasks through AI, enabling firms to allocate resources more efficiently for intricate assignments. Automation, in this context, offers cost reduction…
Legal Services Board approves new SRA rules to improve workplace culture
The Legal Services Board of England and Wales has approved two changes to the Solicitors Regulation Authority Standards and Regulations. The rule changes aim to improve work place culture in law firms. The new rules make explicit the need for employees to be treated fairly and for managers to challenge any treatment deemed not to…
The Solicitors Regulation Authority of England and Wales publishes the Legal Choices Report 2022
The Solicitors Regulation Authority of England and Wales has published the Legal Choices report for 2022. Legal Choices is a website that helps consumers make informed decisions when choosing a legal professional, as well as offering information on a range of legal topics such as legal aid, no win no fee and legal insurance. The…
Solicitors Regulation Authority of England and Wales issues financial sanctions guidance
The focus on how UK businesses interact with those connected to certain countries and organisations – and the Government’s sanctions regime – has increased since the Russian invasion of Ukraine. There have been a number of changes to the regime, so the Solicitors Regulation Authority (SRA) has published guidance to help law firms in England…