Changes to the Solicitors Accounts Rules will come into effect on 25th November. Dramatically reduced from 52 prescriptive rules to only 13, these new rules will be far less rigid with a focus on what the SRA believes are the most important matters in the protection of client monies. Read our guide to the changes here.Read more
The new SRA Standards and Regulations will allow solicitors to work in non-regulated practices, carrying the title ‘solicitor’. The handbook has been extensively re-written to provide a shorter set of rules, with less guidance and indicative behaviours. More will be left to the individual judgement of the solicitor, particularly those working alone in non-regulated practices.Read more
With the deadline fast approaching for firms to provide their diversity data to the SRA, Legal Eye are offering a support service to save law firms time and to ensure the data is returned correctly and on time.
In June all SRA-regulated firms will be required to collect, report and publish data about the diversity make-up of their workforce. Firms are now expected to do this on a bi-annual basis and the SRA has confirmed that it is acceptable to use a third party to assist with the exercise.