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Law firms should consider setting diversity targets for BME lawyers and staff, just as some have done with women, the Solicitors Regulation Authority has said.

Around 15 claims of race discrimination against the Solicitors Regulation Authority will be launched shortly, arguing that it treats black and minority ethnic solicitors less favourably than white counterparts, the Society of Black Lawyers has claimed.

Some 138 law firms have closed after entering the assigned risks pool in the past two years, while solicitors who do not pay their ARP premiums are being pursued into bankruptcy, the Solicitors Regulation Authority has reported. Most of the firms (119) shut through an orderly wind-down, while 19 were closed by an SRA intervention.

There is real potential for alternative business structures (ABSs) to have a positive impact on both the profession and consumers, the Solicitors Regulation Authority has said. The provisional conclusions of an equality impact assessment said solicitors would benefit from improved employment opportunities, while ABSs would facilitate improved access to legal services for consumers.