News
Report claims lawyer impunity for AML breachesOctober 20, 2022Report by the anti-corruption organisation "Spotlight on Corruption" claims that law firms in the UK "face almost zero risk of criminal enforcement if they breach money laundering rules, and very little prospect of meaningful fines".Read More
SRA-run post six-year indemnity fund scheme proposedSeptember 16, 2022SRA announces that the existing Solicitors Indemnity Fund arrangements, as operated by the Solicitors Indemnity Fund Limited (SIFL), will be replaced with their own indemnity arrangements from September 2023Read More
Post Six Year Indemnity Runoff OptionsAugust 14, 2022SRA publishes further paper on its work on future options to protect consumers who suffer loss from the negligence of a solicitor beyond the six-year runoff cover period. Feedback by 31 August is sought.Read More
Solicitors Without Practising CertificatesAugust 9, 2022SRA confirms that, from April 2023, it is to re-introduce the requirement that solicitors who do not have a practising certificate must apply to them in order to remain on the Roll of Solicitors of England and Wales.Read More
LSB’s Continuing Competence Campaign ContinuesAugust 3, 2022LSB publishes a new statutory statement of policy on ongoing competence setting out clear outcomes that legal services regulators should meet to ensure that lawyers have the necessary skills, knowledge and behaviours to provide good quality legal services.Read More
Continuing Ransomware ThreatJuly 18, 2022The National Cyber Security Centre (NCSC) and the Information Commissioner's Office (ICO) have shares a joint letter with the Law Society after increases in ransomware payments.
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Post 6-year Run-off – the Current PositionJuly 18, 2022SRA issues a statement in relation to the next steps in connection with the post-six year run off issue and the closing of the Solicitors Indemnity Fund (SIF).Read More
Latest Annual Reports from the SRAJune 29, 2022SRA publishes a number of reports on its operational work during 2020/21. The reports cover areas including education and training, enforcement, approval of new firms and solicitors, and the activity of the Compensation FundRead More
LSB research shows need for better vulnerable consumer supportJune 17, 2022The Legal Services Board (LSB) has commissioned new research "Vulnerability in legal services" exploring the vulnerabilities faced by consumers that need and use legal services. The research report, also highlights the fact that the way lawyers engage with consumers can either increase or reduce their vulnerability.Read More
New SRA Risk Outlook ReportJune 8, 2022A new Risk Outlook Report from the Solicitors Regulation Authority (SRA) has revealed that email remains a significant vulnerability for law firms and is involved in more than four out of five of all reported cybercrime incidents.Read More