Tag Results
Hate the Handbook? Curse the code? SRA sets out ‘red tape challenge’
Friday, 16 November 2012The Solicitors Regulation Authority will next month launch its own version of the government’s Red Tape Challenge, chairman Charles Plant announced yesterday at the official opening of the authority’s new headquarters in Birmingham.
Tags: ABS, Alternative business structures, OFR, outcomes-focused regulation, Solicitors Regulation Authority, SRA Handbook
Posted in Latest news, Solicitors
Speaking truth to power
Tuesday, 6 November 2012Posted by Barbara Hamilton-Bruce, director of operations at Accident Advice Helpline: I regularly sit down with people from teams across the business to talk about the performance of law firms on our panel and firms that have made enquiries about membership. One of the agenda subjects is ‘quality’. It’s a hard thing to define but generally we are asking ourselves ‘does what we have learnt since the last meeting that may change our view of any of our panel firms, past or present?’. We talk about many things but pay a lot of attention to customer feedback, good and bad.
Tags: COLP, compliance officer for legal practice, OFR, outcomes-focused regulation
Posted in Blog
SRA supervision reduces law firm risk, report on pilot finds
Tuesday, 4 September 2012A report on the Solicitors Regulation Authority’s pilot on supervision of low and medium-risk firms has concluded that the regulatory risks posed by participating firms fell during the period of supervision. Feedback from the firms involved was “overwhelmingly positive”.
Tags: OFR, outcomes-focused regulation, Solicitors Regulation Authority, supervision
Posted in Latest news, Solicitors
SRA finds support for outcomes-focused approach to referral fee ban
Monday, 13 August 2012There is broad support for an outcomes-focused approach to implementing the ban on referral fees in personal injury cases, according to early indications from the Solicitors Regulation Authority’s consultation on the issue.
Tags: Legal Aid Sentencing and Punishment of Offenders Act, OFR, outcomes-focused regulation, referral fees, Solicitors Regulation Authority
Posted in Latest news, Marketing & PR, Solicitors
File reviews – are they really necessary?
Thursday, 19 July 2012Since the introduction of the SRA Handbook, firms have been asking whether they should introduce or improve a file review system. Corinne Staves, a senior associate at Maurice Turnor Gardner LLP, considers the issues.
Tags: authorisation rules, COLP, compliance officer for legal practice, OFR, outcomes-focused regulation, Solicitors Regulation Authority, SRA Handbook
Posted in Features, Latest news, Solicitors
SRA mulls dropping requirement on solicitors to refer clients to IFAs
Tuesday, 3 July 2012The Solicitors Regulation Authority is set to recommend dropping the controversial ban on practitioners referring clients to tied financial advisers. Solicitors would instead have to ensure that the client is involved in the decision-making process that goes into any referral.
Tags: code of conduct, financial services, Financial Services Authority, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Solicitors
When will there be good news?
Wednesday, 20 June 2012Amid all the bad news assailing solicitors, various third parties have grasped a fundamental truth about them – they are good at the law but many of them are not really interested in business. This is where the good news starts. There are now several conglomerates operating in the legal services market offering solicitors the business acumen, back office, bulk purchasing, mentoring and management training that they need.
Tags: mergers, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Blog
Third edition of SRA Handbook in seven months goes live
Monday, 30 April 2012The third edition of the SRA Handbook in just seven months has gone live after being approved by the Legal Services Board. A fourth edition in less than a year since the Handbook went live on 6 October 2011 should be necessary in June.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, conflicts of interest, immigration, insolvency, legal practice course, Legal Services Board, OFR, outcomes-focused regulation, sole practitioners, Solicitors Regulation Authority, SRA Handbook
Posted in Latest news, Solicitors
Roadshow highlights potential perils of new COLP/COFA roles
Tuesday, 24 January 2012Attendees at the first of a series of roadshows have been learning of the potential perils of the major regulatory changes that are on the way for solicitors, and which will radically affect the way they run their businesses.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, OFR, outcomes-focused regulation
Posted in associate news, Uncategorized
Please sir, the dog ate my client-care letter
Thursday, 5 January 2012The new caring, sharing Solicitors Regulation Authority issued a caring, sharing press release shortly before Christmas. Entitled “Take care with vulnerable clients, SRA urges”, it admonished solicitors “to ensure they pay close attention to clients’ needs from the outset to make sure they deliver a proper standard of service”. It is one of the most patronising things I have seen from the SRA.
Tags: Client care, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Blog