News release

SRA launches small firms team

The Solicitors Regulation Authority (SRA) has set up a specialist team dedicated to helping small firms needing advice and guidance on compliance issues.

Paul Philip, SRA Chief Executive, said: "The team understands the needs of small firms and will be able to offer advice that is appropriate for a firm’s size and circumstance. It will offer a first point of contact for small firms, making business easier for small firms, while protecting the public."

The team was launched at the Sole Practitioners Group Annual Conference in the West Midlands last weekend, 9 and 10 May 2015. In May 2014, the SRA promised to strengthen its relationship with smaller firms and offer greater support. Since then it has introduced a range of measures to cut bureaucracy, provide help and build a better understanding of needs.  

 

Note to editors

The SRA launched a discussion paper in November last year asking small firms for their views on the proposed way ahead. Respondents to the discussion paper supported proposals to create more specialist support and challenged the SRA to do more to involve them in regulatory developments.

The SRA has since:

  • created a small firms option for those calling the SRA's Ethics Guidance helpline
  • launched a dedicated small firms page on its website
  • published compliance guidance to help sole practitioners and two-to-four partner firms
  • held a webinar setting out the dedicated small firms support available

The SRA's latest regulatory reform consultation includes proposals to make it easier for small firms to appoint compliance officers. Anyone from a small firm who wants to discuss key issues with the SRA and be involved in early, informal discussions on potential policy and operational changes can now join its virtual reference groups.

More information on these virtual reference groups is available here:

Go to the small firms page

The responses to the small firms discussion paper can be found here:

Go to the responses

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