FAQ
Important: The FAQs below were written and published before the introduction of the SRA Handbook on 6 October 2011, and may refer to regulatory material that is no longer in effect. Although they may still be relevant, these FAQs have not yet been reviewed in light of the wide-ranging regulatory changes implemented on 6 October. They will be reviewed and updated (or archived) in due course.
We want to change our terms of business. Do we need to inform our clients?
The retainer is a contract, and is subject to legal obligations.
Therefore, it would be advisable to inform clients of the change.
The firm also needs to consider the legal position of such changes.