authorised body

means:

1. a body that has been authorised by the SRA to practise as a licensed body or a recognised body; or
2. a sole practitioner's practice that has been authorised by the SRA as a recognised sole practice

SRA

means the Solicitors Regulation Authority

manager

means:

1. the sole principal in a recognised sole practice;
2. a member of a LLP;
3. a director of a company;
4. a partner in a partnership; or
5. in relation to any other body, a member of its governing body

owner

means, in relation to a body, a person with any interest in the body, save that:

1. in the SRA Authorisation of Firms Rules, and the SRA Authorisation of Individuals Regulations, owner means any person who holds a material interest in an authorised body, and in the case of a partnership, any partner regardless of whether they hold a material interest in the partnership; and
2. for the purposes of the SRA Principles and the SRA Code of Conduct for Firms means a person who holds a material interest in the body; and
3. for the purposes of the SRA Assessment of Character and Suitability Rules includes owners who have no active role in the running of the business as well as owners who do,

and "own" and "owned" shall be construed accordingly

recognised sole practice

means the practice of a sole solicitor or REL which is recognised by the SRA under section 9 of the AJA

regulatory arrangements

has the meaning given to it by section 21 of the LSA

reserved legal activities

has the meaning given in section 12 of the LSA

employee

means an individual who is:

1. engaged under a contract of service by a person, firm or organisation or its wholly owned service company;
2. engaged under a contract for services, made between a firm or organisation and:
   1. that individual;
   2. an employment agency; or
   3. a company which is not held out to the public as providing legal services and is wholly owned and directed by that individual, or

under which the person, firm or organisation has exclusive control over the individual's time for all or part of the individual's working week, save that:

1. for the purposes of the SRA Financial Services (Scope) Rules, means an individual who is employed in connection with the firm's regulated financial services activities under a contract of service or under a contract for services such that he or she is held out as an employee or consultant of the firm
2. for the purposes of the SRA Indemnity Insurance Rules and the MTC, means any person other than a principal:
   1. employed or otherwise engaged in the insured firm's practice (including under a contract for services) including, without limitation, as a solicitor, lawyer, trainee solicitor or trainee lawyer, consultant, associate, locum tenens, agent, appointed person, office or clerical staff member or otherwise;
   2. seconded to work in the insured firm's practice; or
   3. seconded by the insured firm to work elsewhere,

   but does not include any person who is engaged by the insured firm under a contract for services in respect of any work where that person is required, whether under the SRA Indemnity Insurance Rules or under the rules of any other professional body, to take out or to be insured under separate professional indemnity insurance in respect of that work

and the term "employer" is to be construed accordingly

lawyer

means a member of one of the following professions, entitled to practise as such:

1. the profession of solicitor, barrister or advocate of the UK;
2. an authorised person other than one authorised by the SRA;
3. any profession approved by the SRA for RFL status; and
4. any other regulated legal profession specified by the SRA for the purpose of this definition

licensed body

means a body licensed by the SRA under section 71(2) of the LSA in accordance with the SRA Authorisation of Firms Rules