The regulatory landscape for solicitors is changing rapidly. The Law Society is providing advice and support for members to help them through these changes.
Outcomes-focused regulation (OFR) is the Solicitors Regulation Authority's (SRA) new approach to regulation. OFR is a move away from a rules-based approach and instead focuses on high-level outcomes governing practice and the quality of outcomes for clients. The SRA implemented OFR from 6 October 2011.
All recognised and licensed bodies must nominate a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA), who will start to fulfil their responsibilities from 1 January 2013.
The Legal Ombudsman has published data on the type of complaints it receives. We have pulled out the key information to help solicitors understand where complaints come from and how they might be prevented.
Frequently asked questions about setting up an ABS, including details of how they are regulated and the application process.
The Legal Ombudsman (LeO) consulted on what information it should publish, including whether it should publish solicitors' complaints records. We do not believe that publication of solicitors' complaints records is in the public's or profession's interest.
The Law Society has published the results of a survey on firms' views on regulatory performance
The Law Society provides a number of practice notes to help you navigate the new regulatory landscape
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Financial services and OFR compliance support for solicitors