The Law Society has been monitoring developments since the implementation of the SRA's new outcomes-focused approach (OFR) to regulation in October 2011. OFR is a move away from a rules-based approach and instead focuses on high-level outcomes governing practice and quality of outcomes for clients.
Information on the SRA's regulatory requirements can be found here:
|Cutting regulatory red tape|
We are responding to all of the SRA's Red Tape Initiative consultations, which form part of the SRA's continuing commitment to regularly review its regulatory processes and procedures.
Read our response to the SRA's consultation
Compliance Officers support
All recognised and licensed bodies must have in place a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA).
Read about our support for COLPs and COFAs
The Professional Standards and Ethics Committee and Regulatory Processes and Complaints Committee meet to discuss OFR and the work of the SRA, as well as overseeing regulatory policy decisions.
Read about the work of the Committees
Regulatory performance survey 2012
The Law Society conducted a survey on firms' views on regulatory performance during 2012.
Read the results of the survey