The Solicitors Regulation Authority (SRA) will launch its new set of Standards and Regulations (often referred to as the “StaRs”) on November 25, 2019.
Unsurprisingly, there are some changes in content and structure due to the simplification and rationalisation of the existing rules, but it is actually the more nuanced changes, in terms of underlying policy and overall regulatory approach, which firms and lawyers should be focusing on. For the StaRs really usher in a new era in legal regulation, where there will be a distinct shift in the SRA’s priorities as a regulator and in what it expects of the firms it regulates.
