Why it matters

How our proposals would affect you

I am a solicitor working in house for a firm that is not authorised by an approved regulator

  • There will be revised Principles, a revised Code of Conduct for Solicitors and other revised rules
  • Your obligations in this Code will be clearer than they are now and will, to a large extent, replicate those of solicitors in private practice
  • The Code will be shorter and easier to use than the current version
  • You will be able to provide non reserved legal services to the public without your employer requiring our authorisation
  • If you provide non reserved legal services to the public:
    • You will not be able to hold client money in your own name
    • Your clients will not have access to the Compensation Fund
    • You will need to determine whether you have appropriate Professional Indemnity insurance for the work you are providing
     
  • You will need to inform clients what protections apply when providing legal services to them
 

I am a solicitor working in an SRA authorised law firm

  • There will be revised Principles and a revised Code of Conduct for Solicitors and other revised rules
  • Your obligations in this Code will be clearer than they are now
  • The Code will be shorter and easier to use than the current version
 

I am a COLP

  • Regulation that applies to an individual solicitor will be clearer than it is now
  • Regulation that applies to a firm will be separated from regulation that applies to an individual solicitor. There will be a new Code of Conduct for Firms
  • Requirements in the new Code of Conduct for Firms for COLPs that broadly match current obligations
  • The Codes will be shorter and easier to use than the current version
 

I am a sole practitioner

  • You will be subject to revised Principles and a revised Code of Conduct for Solicitors and other revised rules.
  • Your obligations under this Code will be clearer than they are now
  • A separate Code of Conduct for Firms will outline the regulation that applies to your business
  • The Codes will be shorter and easier to use than the current version
  • You will no longer need recognised sole practitioner status if you just want to deliver non reserved legal services to the public
 

I am Registered European Lawyer

  • You will be subject to revised Principles and a revised Code of Conduct for Solicitors.
  • Your obligations under this Code will be clearer than they are now
  • The Code will be shorter and easier to use than the current version
 

I am an organisation authorised by the SRA

  • Regulation that applies to an individual solicitor will be clearer than it is now
  • Regulation that applies to firms will be separated from regulation that applies to individual solicitors. There will be a new Code of Conduct for Firms
  • The Codes will be shorter and easier to use than they are now
  • If you want to just deliver non reserved legal services to the public you do not need to be authorised by us to do so, although individual solicitors will still be regulated by us.
 

I am a COFA

  • Regulation that applies to firms will be separated from regulation that applies to individual solicitors. There will be a new Code of Conduct for Solicitors and a Code of Conduct for Firms
  • There will be obligations for COFAs in the new Code of Conduct for Firms that broadly match your current obligations
  • The Codes of Conduct and the Accounts Rules will be simpler and easier to use than the current versions
  • You and the firm’s managers will be jointly and severally responsible for compliance by the firm, its managers and employees with the Accounts Rules
  • Both Codes of Conduct will set out a clear obligation on individuals and firms to safeguard money and assets entrusted to them by clients and firms
 
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