Tag Results
OFR still set for 6 October, while ABSs could yet happen before end of the year
Tuesday, 26 July 2011Outcomes-focused regulation will go ahead on 6 October even though it is unlikely that the Solicitors Regulation Authority will be able to start licensing alternative business structures “much before the end of the year”, chief executive Antony Townsend has confirmed.
Tags: ABS, Alternative business structures, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Alternative business structures, News, Regulation
BME solicitors still face disproportionate amount of regulatory action, SRA admits
Friday, 15 July 2011Black and minority ethnic solicitors continue to figure in a disproportionate number of regulatory actions, the Solicitors Regulation Authority has admitted. It is occuring across key areas such as interventions, referrals to the Solicitors Disciplinary Tribunal and the imposition of practising certificate conditions.
Tags: equality and diversity, OFR, outcomes-focused regulation, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in News, Solicitors
SRA receives green light to license ABSs
Thursday, 16 June 2011The Legal Services Board is to recommend to the Lord Chancellor that the Law Society – through the Solicitors Regulation Authority – become an alternative business structure licensing authority. However, there has been a disagreement over the separate business rule.
Tags: ABS, Alternative business structures, Law Society, Legal Services Board, Legal Services Consumer Panel, Office of Fair Trading, OFR, outcomes-focused regulation, separate business rule, Solicitors Regulation Authority
Posted in Alternative business structures, Legal Services Board, News, Solicitors
Consumer watchdog gives SRA’s ABS application green light – with reservations
Monday, 9 May 2011The Solicitors Regulation Authority’s application to become a licensing body for alternative business structures has been endorsed by the Legal Services Board’s consumer watchdog, but with reservations. The Legal Services Consumer Panel expressed disappointment that some recommendations it made during consultations were not adopted.
Tags: ABS, Alternative business structures, Legal Services Board, Legal Services Consumer Panel, OFR, outcomes-focused regulation, Solicitors Code of Conduct, Solicitors Handbook, Solicitors Regulation Authority
Posted in Alternative business structures, Consumer panel, News
Countdown to outcomes-focused regulation begins as SRA publishes Handbook
Wednesday, 6 April 2011Solicitors, law firms and would-be alternative business structures today get first sight of the new SRA Handbook, the 563-page guide to practising and running a legal practice. The Handbook – delivered on schedule and exactly six months before it is due to come into force – introduces the profession to outcomes-focused regulation.
Tags: ABS, Alternative business structures, OFR, outcomes-focused regulation, Solicitors Handbook, Solicitors Regulation Authority
Posted in News, Solicitors
SRA to consider giving consumers guidelines on how much to pay solicitors
Tuesday, 15 March 2011The Solicitors Regulation Authority is investigating whether to provide consumers with guideline price ranges for legal services, it has confirmed. The move follows a call to provide better information to clients about solicitors’ services.
Tags: OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in News, Solicitors
Thinking outside the box
Friday, 4 February 2011Not long ago I sat in a roomful of lawyers and watched their faces as someone tried to explain the principles of outcomes-focused regulation. Not surprisingly, quite a few eyes glazed over and I didn’t get the impression that many of them grasped how it differed from the existing sort. I don’t blame them.
Tags: OFR, outcomes-focused regulation
Posted in Blog
SRA to consider compulsory ethics training for all solicitors as it plans major CPD review
Tuesday, 1 February 2011Ethics training could become a compulsory element of solicitors’ continuing professional development as part of a fundamental review to be conducted by the Solicitors Regulation Authority, Legal Futures has learned. The review – described by the SRA as “overdue” – will look to ensure that CPD “works in the new world of alternative business structures and outcome-focused regulation”.
Tags: ABS, Alternative business structures, continuing professional development, CPD, ethics, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in News, Solicitors
More firms sign up to SRA relationship management pilot
Wednesday, 12 January 2011Seven law firms have joined the second wave of the Solicitors Regulation Authority’s (SRA) relationship management (RM) pilot. RM may be one of the ways the SRA supervises firms according to its assessment of the risks the firm poses as part of outcomes-focused regulation, which goes live in October.
Tags: Indemnity insurance, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in News, Solicitors
SRA to launch more law firm supervision pilots as run-up to OFR gains momentum
Friday, 3 December 2010The Solicitors Regulation Authority will start pilots for desk-based supervision and risk-based visits to law firms next month as the run-up to the launch of outcomes-focused regulation steps up. A new policy statement explains that “high intensity” supervision does not mean a firm is necessarily in trouble.
Tags: ABS, Alternative business structures, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in News, Solicitors