Latest news releases

AI will free-up solicitors, report says

Artificial intelligence (AI) will free up solicitors from lower-level work to carry out more complex tasks, a new report concludes.

SRA to consult on foreign solicitor qualification criteria in event of a no-deal Brexit

We have launched a public consultation on potential changes to rules regarding how non-UK solicitors will qualify in England and Wales in the event of a no-deal Brexit.

SRA Digital Badge launched

A new digital badge that responds to the public’s demand for better information on the protections people get from using a regulated law firm has been launched.

SRA reminds solicitors to adhere to their litigation obligations

Solicitors have been reminded to adhere to all their professional obligations when engaged in litigation, and not to become “hired guns” just carrying out instructions that are in the best interests of clients.

SQE to be introduced in autumn 2021

The new assessment to ensure consistent, high standards for qualifying solicitors - the Solicitors Qualifying Examination (SQE) - will be introduced in autumn 2021, with the candidate fee likely to range between £3,000 - £4,500.

Price transparency & digital badge confirmed

New transparency rules, requiring regulated firms to publish price and service information on their websites, are to come into effect on 6 December 2018.

SRA statement: Government technical notice of the implications of a ‘no deal’ EU exit for the legal sector

The Government has published a technical notice - Providing services including those of a qualified professional if there’s no Brexit deal - which covers how professions and services will be regulated if there is no deal.

Have your say through money laundering survey

We are supporting research being carried out by The Institute for Criminal Policy Research (ICPR) into how professionals such as solicitors can inadvertently help money launderers.

Research finds publishing prices may increase law firms' market share

Proactively publishing prices debunks misconceptions over the cost of using a solicitor compared to other professions offering similar services, new research published today has found.

SRA publishes price transparency guidance

Ahead of the introduction of new price transparency requirements within the legal sector, we have issued guidance on what price and service information firms must publish on their websites from this December.

SRA publishes rules for European Insurance Distribution Directive

We have published our rules for dealing with the new Insurance Distribution Directive.

Recent £7m losses see regulator urge caution over new legal business partners

Solicitors have been urged to make sure that the credentials of people approaching their firm to offer business expansion are genuine.

Solicitors urged to check frozen asset list

Solicitors have been urged to check the HM Treasury frozen assets review to make sure they are not holding monies belonging to a client that is subject to financial sanctions.

Money laundering survey

We are carrying out a survey to develop a better understanding of how firms and solicitors have responded to the legislative changes set out in the Government’s new money laundering regulations.

Solicitors reminded of risks involved in PPI claims one year ahead of claims deadline

With a year to go until the deadline for mis-sold payment protection insurance (PPI) compensation claims to be submitted, law firms have been reminded to make sure any applications they work are handled properly.

SRA issues new warning on false holiday sickness claims

Solicitors have been reminded of their responsibilities when handling holiday sickness claims.

Law firms warned against using client account as banking facility

We have restated our warning to law firms that they should not provide banking facilities through a client account to their clients or others, while providing further detail on how our rules apply in practice.

SRA to consult on misconduct reporting rule change

We have launched a public consultation on proposed changes to our rules regarding firms reporting potential misconduct.

SQE assessment organisation appointed

We have appointed Kaplan as the assessment organisation to develop and run the Solicitors Qualifying Examination (SQE).

SRA announces appointment of new Chair

We have announced that Anna Bradley will succeed Enid Rowlands as the new Chair of the SRA Board, with effect from 1 January 2019.

Reports of money laundering, cybercrime and dubious investment schemes all on the rise, says the SRA

The risks posed to the public and law firms from money laundering, cybercrime and dubious investment schemes have all reached record levels, according to new statistics.

European Insurance Distribution Directive approach approved

We have had our approach to dealing with the new European Insurance Distribution Directive approved by the Financial Conduct Authority (FCA) and Legal Services Board (LSB).

Regulators publish reports into criminal advocacy standards

Barristers and solicitor advocates representing clients in criminal courts are generally delivering a competent service to the public, two reports released today have found.

Law firms reminded of their obligations as new PPI fee cap comes into force

With the introduction of a new 20 percent cap due on 10 July, law firms have been reminded that when handling claims for mis-sold payment protection insurance (PPI) they must make sure they are acting in their client’s best interests and charging clients appropriately.  

Information gap to be addressed as SRA confirms that law firms to publish prices and protections

Law firms must publish information on the prices they charge for certain public-facing services and also display a new badge showing the protections their regulated status gives customers, under new measures we have confirmed.

SRA announces detail of regulatory reforms

We have finalised the package of reforms designed to provide solicitors and law firms with greater flexibility over how they operate, making legal services more accessible to the public.

2018/19 contributions to the Compensation Fund

We have set the level of contributions to the Compensation Fund for 2018/19. Contributions for solicitors will increase by £50 - from £40 to £90. Firm contributions will increase by £902, from £778 to £1,680.

SRA publishes research on trainee salaries

Research has shown that since the removal of the minimum trainee salary, trainee numbers have increased and they are more positive about their salaries, even though average trainee salaries have dropped.

Changes to approach on law firm accountants’ reports, deliver a greater focus on issues of genuine concern

The number of accountants' reports being submitted for review to us has fallen by two-thirds since changes to the rules were introduced.

SRA starts search for new Board Chair

We have begun the search for a new Chair of the Board to oversee its work protecting the public and maintaining high professional standards.

SRA reports on its 2016/17 work

We have set out the details of our work to protect the public and maintain high professional standards in our latest Annual Review.

SRA takes further steps to promote innovation

We will go ahead with plans to make it easier for law firms to develop new ideas, including a ‘safe space’ for innovation.

Call for law firms to reduce level of PPI fees

Ahead of the Government's introduction of a PPI fee cap, we have re-iterated our call for law firms to consider how much they charge in this area.

LSB gives go-ahead to the first stage of reforms to how solicitors qualify

Responding to the Legal Services Board's approval of the framework for changes to how solicitors are admitted to the profession, employers and education suppliers are being urged to push ahead with their preparations for the introduction of the Solicitors Qualifying Examination(SQE).

SRA consults on changes to legal insurance and compensation rules

We have today published proposals designed to make sure users of legal services get the appropriate level of protection, and in turn benefit from a more competitive marketplace and increased choice. The proposed changes would see the removal of the current ‘one-size-fits-all’ rules on professional indemnity insurance (PII), meaning firms could take out cover that better reflects the work they do.

SRA statement: CBL Insurance Europe dac (CBLIE)

On 26 February 2018, the Central Bank of Ireland (Central Bank) announced that CBL Insurance Europe dac (CBLIE) had been placed into provisional administration.

Call for solicitors to provide clearer conveyancing information, especially to first-time buyers

While most customers (76%) are satisfied with the legal services they receive when buying or selling a property, there are concerns over the quality and timeliness of information being provided to them during the process.

No excuse for inappropriate use of NDAs, law firms warned

We have warned law firms that non-disclosure agreements (NDAs) should not be used to prevent the reporting of professional misconduct.

Money laundering review finds most law firms doing well but urges others to comply

Our review of 50 firms has shown that although most law firms are doing what is needed to tackle money laundering, some need to do more.

New insurance directive delayed

Solicitors will not need to comply with the new European Insurance Distribution Directive until later this year, we have confirmed.

Law firm profile shows improving diversity across the legal sector, but improvement still needed at senior levels

Data published today reveals that while the overall legal sector is increasingly reflective of wider society, challenges remain in achieving true diversity at senior levels in some firms. Based on information from 180,000 people working at 9,000 law firms across England and Wales, our data shows that diversity in the sector continues to improve.

Greater price transparency would help people make better choices about legal services

The majority of solicitors do not advertise prices, despite evidence that customers are willing to shop around, and are more likely to make 'good financial decisions' when prices are more readily available.

New AML rules lead to mandatory information request

New anti-money-laundering regulations introduced by the Government mean that we require comprehensive information from law firms about people working in certain roles.

Senior retail expert named as SRA lay Board member

A customer-focussed managing director with wide-ranging retail sector experience has been named as our new lay Board member.

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