SRA Looking to the Future consultations – Law Society response
On 1 June the Solicitor Regulation Authority (SRA) released the following consultations: Looking to the Future: Flexibility and public protection and Looking to the Future: Accounts Rules Review.
The consultations review the regulatory framework for solicitors and firms and make a number of proposals, including that the Solicitors' Code of Conduct, be replaced with two separate, shorter and simplified codes: a code for solicitors and a code for firms.
While we support the principles behind some of the proposals, we believe there is insufficient evidence of significant damage generated by the current system which would require such systemic and radical reforms.
The proposals are poorly evidenced and misconceived in that they will demonstrably and beyond reasonable doubt create consumer confusion and harm, will not address the actual unmet legal needs, nor assist with access to justice.
We are not aware of any in-depth analysis, study or investigation of the impact of the proposals or likely achievement of the stated objectives.