Latest news releases

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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