SRA Update
Welcome to the latest issue of SRA Update. Last month we talked about the use of strategic litigation against public participation – SLAPPs. Although it is important that claimants can bring legitimate claims and for solicitors to act fearlessly in their interest, that should never extend to abusing the litigation process. SLAPPS have the potential to be a threat to the rule of law and free speech. In this issue, we share the findings of our review into firms working in this area of the law. Our findings were generally positive, but there’s still more firms could be doing. The actions of a few can undermine trust in the profession. Also in this issue we have agreed the final rules for running our own indemnity scheme for post six-year negligence claims, our financial penalties regime, and for publishing disciplinary decisions.
Welcome to the latest issue of Compliance News. We all play a role in making sure public trust in the profession is maintained. Fundamental to that trust is clients knowing that their money is safe. Our Accounts Rules govern how you protect this money. Misuse of client money is a serious matter and will likely end up at the Solicitors Disciplinary Tribunal. This issue features a range of updates on Accounts Rules matters, such as the need to get an accountant’s report, case studies on Rule 3.3 which prohibits use of the client account for banking facilities, and updated information on being asked to hold client money when you do not have a client account in the first place. And following the one-year anniversary of the Russian invasion of Ukraine, it is an appropriate time to remind you how important is it that you keep up to date with the financial sanctions regime.