Risk publications

Maintaining standards of service and reducing complaints, July 2019

This report looks at how our new Continuing Competency regime has been adopted by law firms. It is part of an on-going process to make sure all solicitors we regulate continue to keep their competencies up to date and thus provide a proper standard of service.

Technology and legal services, December 2018

Technology can help law firms offer services that are more efficient, productive, and accurate. But the legal market faces challenges in realising these benefits.

Balancing duties in litigation, November 2018

This report discusses the differing duties owed in litigation, and examines the ways in which misconduct can arise. By bringing together examples of the challenges solicitors face when balancing these duties.

The business case for diversity, February 2018

This paper is about the business benefits of a diverse and inclusive legal profession. It provides practical examples of the actions firms can take and what we are doing to support firms.

Improving access - tackling unmet legal needs, June 2017

This paper sets out why access to legal services is a risk and the current barriers that people and small businesses face and highlights actions that firms are taking to improve access.

IT Security: Keeping information and money safe, December 2016

This report highlights the ever growing risk of cybercrime. We all need information technology, so we all need to be aware of the threats.

Solicitors and investment fraud, December 2016

This report is about the risk to the public, and indeed to the reputation of the profession, caused by the small number of solicitors who become involved in helping investment schemes that may well be frauds.

Exiting the EU: An update for lawyers, September 2016

This report sets out some of the issues we are considering and monitoring closely. It is the first in what is likely to be a series of updates in which we will provide you with the latest information and practical advice.

Providing services to people who are vulnerable, March 2016

This report brings together a range of resources, information and case studies for solicitors and law firms about providing services to people who are vulnerable. It includes an overview of how regulation and legislation apply when a legal services client is vulnerable.

IT and innovation, March 2016

This report highlights how we are committed to helping solicitors and law firms develop their businesses in new ways. An innovative legal sector is essential for delivering the efficient, affordable services the public needs.

Regulating small firms, November 2015

This guide offers you information on issues specific to smaller businesses, including, new regulatory developments and how these can benefit small firms and updates on the key regulatory issues affecting small firms.

Cleaning up: Law firms and the risk of money laundering, November 2014

This report brings together and summarises information from other sources, which are referenced throughout the report, and can be used as a starting point when considering the risk of money laundering.

In the shadows: Risks associated with bogus firms, November 2014

This paper highlights the risks posed by individuals that operate through bogus law firms or by illegally presenting themselves as solicitors.

Magnetic forces: Consolidation in the legal services market, March 2014

The purpose of this paper is to highlight a current risk in the legal services sector and support law firms in taking appropriate actions to protect against the risk to themselves, their clients and the wider public interest.

Steering the course: Research into the characteristics and risks associated with law firms in financial difficulty, February 2014

This research sets out to explore the SRA's experience of responding to financial difficulty in a range of law firms and illustrates how financial difficulty can act as a good predictor of firms that present a high risk to the interests of clients and the public interest.

Navigating stormy seas: financial difficulty in law firms, November 2013

Financial difficulty was identified as a significant current risk to the regulatory objectives in the SRA's Risk Outlook. This paper sets out the approach we have taken to dealing with this risk amongst the firms we regulate and highlights key lessons learnt from this experience.

Catching a chill: law firms and risks of group contagion, November 2013

Group contagion is a risk that is relatively new to the legal services market, but is one that is well-known from other markets. Firms that are part of a group will need to control their exposure to this risk. The paper highlights the risk of group contagion and the need for good controls to be put in place.

Print page to PDF