Press release archive for 2015



SRA helps small firms stay ahead of the game , 30 November 2015

As part of our regular review of risks for the legal sector, we have today (30 November) issued advice to help small law firms stay one step ahead of the issues they face.

SRA looks to the future, setting out a new regulatory model, 26 November 2015

The Solicitors Regulation Authority has outlined its vision for the future, pushing ahead with a fundamental shift away from prescriptive rules in favour of protecting the public by setting out the principles solicitors should follow.

Solicitors targeted by fake Land Registry emails, 19 November 2015

Solicitor firms are among those being targeted by emails claiming to be sent from the Land Registry.

Maidstone gets a vote on legal questions of trust, 19 November 2015

Maidstone will be having its say in a major campaign looking into what should happen when solicitors fall short of expected standards.

Law firms take SRA's A Question of Trust campaign into office, 17 November 2015

The SRA's interactive 'A Question of Trust' campaign has caught the attention of law firms, with a number asking the regulator for help to explore the issues with their staff.

Leeds gets a vote on legal questions of trust, 16 November 2015

Leeds will be having its say in a major campaign looking into what should happen when solicitors fall short of expected standards.

Consumer credit regulation passes next hurdle, 12 November 2015

Our proposed regime for consumer credit regulation has passed its latest hurdle.

Chester gets a vote on legal questions of trust, 11 November 2015

Chester will be having its say in a major campaign looking into what should happen when solicitors fall short of expected standards.

SRA championing innovation in the legal sector, 09 November 2015

We have today (9 November) unveiled a new initiative to support legal services firms that want to innovate and grow their business in creative ways.

SRA introduces more changes to help businesses thrive, 02 November 2015

Changes that will make it easier for law firms to do business are included in the latest version of the SRA Handbook, which was published on 1 November.

SRA's regulatory approach will aid pro bono, 02 November 2015

The Solicitors Regulation Authority's programme of regulatory reform will aid pro bono work in the legal sector, the head of the SRA has said.



Solicitors: national campaign launched on questions of trust, 30 September 2015

We have launched a national ‘A question of trust’ campaign to give everyone a chance to have their say about action taken against those solicitors who fall short of the expected standards.

New process saves time for all, 24 September 2015

We have made it easier and quicker for firms to apply for a change in status by cutting form filling by a third.

SRA Compensation Fund pays out over £23 million, 09 September 2015

The SRA Compensation Fund paid out over £23,800 million in the year to 31 October 2014, latest figures reported to the SRA Board meeting today (Wednesday 9 September) reveal.

Raft of changes to cut red tape and open up the profession, 09 September 2015

A raft of changes that will further cut red tape and provide new ways of becoming a solicitor has today (Wednesday 9 September) been approved by the SRA Board.

Proposals for consumer credit regulation adopted by SRA Board, 09 September 2015

Solicitors should be able to carry out certain consumer credit activities under SRA authorisation as long as their activities are central to the legal services they provide, the SRA Board has agreed.

Apprenticeship standards will benefit the legal profession, says the SRA, 03 September 2015

The Solicitors Regulation Authority (SRA) says the Apprenticeship Standards in law, confirmed as ready for delivery today by the Department of Business, Innovation and Skills (BIS), will drive up quality and improve access to the legal profession.



One week left to have your say on consumer credit, 30 July 2015

There's just a week left to have a say in the Solicitors Regulation Authority (SRA) consultation on proposals for the regulation of solicitors and consumer credit work.

Criminal legal aid action: ensure your clients interests remain protected, says SRA, 27 July 2015

The Solicitors Regulation Authority (SRA) is advising solicitors planning action over criminal legal aid changes that required standards must continue to be met and their clients must remain protected.

Make customer service a priority, especially for vulnerable people, says the SRA, 22 July 2015

The Solicitors Regulation Authority (SRA) is calling on solicitors and firms to raise the bar in customer service in order to help and to protect vulnerable people.

"A question of trust" survey opens, 21 July 2015

Ten thousand solicitors have this week been invited by the Solicitors Regulation Authority (SRA) to take part in a ground-breaking new survey on professional standards.

A question of trust - SRA asks what really matters and what should happen when things go wrong, 15 July 2015

The Solicitors Regulation Authority (SRA) has today launched a campaign asking for views on the professional standards expected of solicitors.

SRA says: historic first plc is a way forward, 15 July 2015

The creation of the first legal plc in England shows a new way forward in opening up the market through flexible regulatory practice, says the Solicitors Regulation Authority (SRA).

Reporting Accountants' requirements relaxed, 15 July 2015

Changes to the format of accountants' reports for solicitors' practices - and the criteria for qualifying accounts and submitting them - should further improve their value and reduce the burden on firms, the Solicitors Regulation Authority has said.

2015/16 Practising Fee charges set to remain the same, 15 July 2015

Practising fees will be unchanged for the coming practising year, the Solicitors Regulation Authority (SRA) has proposed.

SRA debate on financial protections for when things go wrong, 09 July 2015

A Solicitors Regulation Authority (SRA) discussion paper launched this week looks at striking the right balance in providing financial protections for the public, and the cost for firms and individual solicitors.

Legal professionals are becoming more innovative in running their businesses but more is needed, a new report indicates, 07 July 2015

Findings from the largest ever study of innovation in the legal sector, commissioned by the Solicitors Regulation Authority and the Legal Services Board, suggest that legal professionals, including solicitors and barristers, are becoming more innovative in the organisation and management of their business.





SRA welcomes Treasury changes to consumer credit, 30 March 2015

Following close working between the Solicitors Regulation Authority (SRA), HM Treasury and the Financial Conduct Authority (FCA), HM Treasury has agreed to changes in consumer credit regulation which will further help to reduce regulatory burdens on firms.

SRA Risk Outlook Spring Update published, 23 March 2015

Publication of the spring update to the Risk Outlook has been announced by Paul Philip, chief executive of the Solicitors Regulation Authority.

SRA investigates two firms over closure, 19 March 2015

The Solicitors Regulation Authority (SRA) is investigating two solicitor firms that should have closed at the end of December last year because they did not have a valid insurance policy.

Beware telephone scams, SRA warns, 18 March 2015

Don't be duped into disclosing bank security information, the SRA is warning following reports of more firms being targeted by telephone con artists.

SRA set to end regulating insolvency practitioners, 12 March 2015

The Board of the Solicitors Regulation Authority (SRA) has decided the SRA will no longer regulate solicitors who act as insolvency practitioners. The decision was taken at the Board's meeting today (Wednesday 11 March), in view of the fact that insolvency work is not central to the work of a solicitor, and consumers would be better protected if solicitors were regulated by those organisations identified by the Insolvency Service.

SRA Board approves Competence Statement, 12 March 2015

The Board of the Solicitors Regulation Authority (SRA) has approved its Competence Statement for solicitors, which defines the standards expected of solicitors at the point of qualification, and the steps they need to take to maintain standards.

SRA and the Voluntary Code, 06 March 2015

The Solicitors Regulation Authority (SRA) has today confirmed that it will withdraw from the Voluntary Code to good practice in the recruitment of trainee solicitors from the end of March 2015.

Keeping of the roll, 2013, 12 March 2013

The keeping of the roll exercise for 2013 is scheduled to commence in mid-late April for a two-month period: we will confirm the actual date in our communications with individuals and on our website.



Guidance issued on client confidentiality, 27 January 2015

We have issued guidance on ensuring client confidentiality is maintained.

FCA agrees to consumer credit extension, 21 January 2015

The Financial Conduct Authority (FCA) has agreed to our request for another extension to the transitional arrangements for regulation of consumer credit activities. We asked for the extension to give us more time to plan the best way forward for regulating law firms that carry out consumer credit work. Our Board agreed to make the request at its meeting today to which the FCA has agreed. The transitional period, previously due to end on 1 April 2015, will now run until 31 October 2015.

SRA announces a third new Board member, 19 January 2015

The SRA has today announced the appointment of David Heath, MP, to its Board.

SRA warns about client account usage, 15 January 2015

We have published a warning notice reminding solicitors why a client account should not be mis-used for clients or others. The notice explains why use is prohibited, what represents mis-use of the client account, and what action might be taken against those breaching the Code of Conduct.

Six new members appointed to the SRA Equality, Diversity and Inclusion Committee, 14 January 2015

Six new members have been appointed to the SRA Equality, Diversity and Inclusion Committee. The new members are Caroline Armitage, a corporate and commercial lawyer who is also Chair of the Trustee Board of the UK disability charity Livability; Jemima Coleman an employment lawyer at the international law firm Herbert Smith Freehills LLP; Uday Dholakia a UK entrepreneur and champion of small business, better regulation and international trade; Mike Franklin a former Commissioner with the Independent Police Complaints Commission; Ruth Grant a partner with Hogan Lovells International LLP and former London Managing Partner; and Sophie Khan, solicitor-director of Sophie Khan & Co Solicitors and Higher Court Advocates, a niche firm specialising in civil liberties and human rights law.

Al-Sweady Inquiry, 12 January 2015

We have noted with concern the findings of the Al-Sweady Inquiry and the issues raised in the Ministerial Statement by Michael Fallon, the Secretary of State for Defence on 17 December 2014, which raised concerns about two law firms involved in litigation or the inquiry.

Two new appointments to the SRA Board, 09 January 2015

Two new appointments to the SRA Board have been announced today. Elaine Williams, former Deputy Group Company Secretary at HSBC and David Willis former joint Chief Executive of international legal firm Herbert Smith Freehills, are joining the Board as non-executive directors. SRA Chair, Enid Rowlands, said: "I am delighted to welcome two new members to our Board. Their range of knowledge and experience will make a strong contribution to the work of the Board, as we oversee the delivery of our corporate strategy and business plan."

SRA enhances approach to consultation, 07 January 2015

We are improving the way we engage with those affected by our work by adopting a flexible and tailored approach to how we consult on, for example, proposals for new ways of working, policy changes and amendments to the Handbook. Our Board decided in December that a considered approach to each consultation was needed, and that we should publish a statement on our approach. We are committed to undertaking more engagement with stakeholders before any formal consultation.