The Solicitors Regulation Authority (SRA) is investing £20m in IT systems as it prepares for the introduction of outcomes-focused regulation (OFR) later this year. The £20m figure includes the cost of upgrading the SRA's existing IT platform as well as the launch of a new project - dubbed Smartview - which allows the regulator to monitor law firms, alternative business structures (ABSs) and individuals on a case-by-case basis and track all regulatory breaches as part of the move to OFR.
March 16, 2011 at 09:04 PM
1 minute read
The original version of this story was published on Legalweek
The Solicitors Regulation Authority (SRA) is investing £20m in IT systems as it prepares for the introduction of outcomes-focused regulation (OFR) later this year.
The £20m figure includes the cost of upgrading the SRA’s existing IT platform as well as the launch of a new project – dubbed Smartview – which allows the regulator to monitor law firms, alternative business structures (ABSs) and individuals on a case-by-case basis and track all regulatory breaches as part of the move to OFR.
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