City firms back two-track regulation
Senior City lawyers, including Linklaters senior partner David Cheyne and Clifford Chance senior partner Stuart Popham, have backed calls for separate regulation for larger law firms in order to maintain global competitiveness. A report from the Government's Professional Services Global Competitiveness Group raises concerns, particularly from large commercial law firms, that the current approach to regulation by the Solicitors Regulation Authority (SRA) may not suit all firms.
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