Consultations on the Legal Services Act
14 February 2008
The Solicitors Regulation Authority is holding three consultations to enable it to be aware of stakeholders' views on how it should regulate new forms of practice enabled in the Legal Services Act.
They focus on some of the rule changes necessary to facilitate firm-based regulation and to permit legal disciplinary practices (LDPs).
"Framework of practice" rules in the Code of Conduct
We ask for views on proposed changes to the rules governing solicitors' business structures.
Miscellaneous changes to the Code of Conduct
This paper asks questions such as whether the supervision rules should change in an era of firm-based regulation.Changes to the Accounts Rules
This asks questions such as who should be able to authorise withdrawals from client account?
The closing date is 21 April 2008. All comments are welcome.
For more information about the Legal Services Act and forthcoming changes to practice and regulation, visit sra.org.uk/LSA.