The Solicitors Regulation Authority (SRA) has launched two new consultations in preparation for the next round of reforms under the Legal Services Act (LSA). The first consultation will seek opinion on fundamental changes to the SRA's regulatory activities, which will see the body develop a firm-based approach to enforcement and disciplinary action, in contrast to the current process of focusing on individual solicitors. Key LSA reforms are due to come into force in March which will give the SRA new regulatory powers allowing the watchdog to regulate Legal Disciplinary Partnerships (LDPs) containing up to 25% non-lawyer partners.The SRA's website now contains application forms for firms that wish to set up LDPs from March onwards.
January 15, 2009 at 01:58 AM
1 minute read
The original version of this story was published on Legalweek
The Solicitors Regulation Authority (SRA) has launched two new consultations in preparation for the next round of reforms under the Legal Services Act (LSA).
The first consultation will seek opinion on fundamental changes to the SRA’s regulatory activities, which will see the body develop a firm-based approach to enforcement and disciplinary action, in contrast to the current process of focusing on individual solicitors.
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