Latest news releases

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. In a warning notice, we have reminded law firms that potential professional misconduct by a person or firm should be reported to us.

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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