Following the SRA’s thematic review on in-house lawyers, Frank Maher outlines some of the regulations highlighted with real examples, and predicts…
For the first time, the SRA sets out its mission: enhancing confidence in legal services. Its priorities for the next three years are to:
The SRA says high standards are at the heart of what it does, so it sets out what it thinks success will look like for:
The SRA also recognises it has to improve its core operational work, particularly in relation to enforcement and continuing competence.
The SRA proposes to deepen its work on technology and innovation, putting an emphasis on using data and insight to help focus its activity and inform wider policy debates on issues such as:
We support the SRA’s mission of enhancing confidence in legal services through regulation. We welcome its continued prioritisation of the SQE, continuing competence and technology.
However, as technological evolution accelerates, it is important that regulators have the expertise to examine technological landscapes and exercise their regulatory powers effectively. We would be delighted to assist the SRA with its lawtech work.
We welcome the SRA’s continued focus on EDI, particularly research into:
While we broadly support the proposed regulatory strategic priorities, we remain concerned that additional requirements will add onerous burdens to the profession when parts of the sector are already under pressure from inflation and increases in cost of living.
The consultation closed on 2 August 2023.