SRA Business Plan

November 2018 to October 2019

Introduction and summary

The Solicitors Regulation Authority is the regulator of solicitors and law firms in England and Wales, protecting consumers and supporting the rule of law and the administration of justice. We do this by overseeing all education and training requirements necessary to practise as a solicitor, licensing individuals and firms to practise, setting the standards of the profession and regulating and enforcing compliance against these standards.

This business plan sets out our programme of work for 1 November 2018 to 31 October 2019 (our financial year runs from November to October) and the second year of our Corporate Strategy 2017–20, which we published in November 2017. It provides more detail on what we will do and the resources we will use in 2018/19 to deliver our strategy.

Our Corporate Strategy sets out what we want to achieve between now and 2020. We want to make sure that what we do helps, rather than hinders, an open and competitive legal market that meets people's needs at affordable prices. And people must be able to trust and see a diverse profession which we regulate and which reflects their own communities. We also want to play our part in helping people find useful information about the services they can choose.

So, we set ourselves five objectives for delivery over the three-year period our strategy covers. These are:

  • We will set and apply consistently high professional standards for the individuals and firms we regulate and make sure they are appropriate to meet the challenges of today and the future.
  • We will make sure our regulatory requirements are proportionate, providing solicitors and firms the flexibility to innovate and better meet the needs of members of the public and businesses, while maintaining appropriate levels of public protection.
  • We will increase the availability of relevant and timely information to help people make informed choices in the legal services market.
  • We will make sure that our regulatory arrangements work as effectively as possible for the public, businesses, solicitors and firms in the context of constitutional developments within the UK and any new relationship with the EU.
  • We will work better together and with others to improve our overall effectiveness, our responsiveness and the delivery of our regulatory functions.

Over the following pages, we have set out more detail on each objective and the work programmes for 2018/19 that will deliver these aims.

Open all