The SRA Handbook is being replaced by Standards and Regulations from 25 November 2019. The new regulations are shorter than the existing Handbook and many prescriptive rules will be removed.
Major changes that you will need to be aware of include:
We have a range of resources to help you and your firm comply with the new regulatory framework.
The authors of the Solicitor's Handbook 2019 discuss the major changes coming for solicitors against a background of uncertainty.
Pearl Moses, Law Society head of Risk and Compliance, shares how to make sure you're prepared with your risk assessment.
Regulation & compliance expert Tracey Calvert of Oakalls Consultancy explains the major changes that will be introduced. We are now on the countdown to the end of the SRA Handbook and the beginning of the era of the SRA Standards and Regulations.
Most solicitors will be aware of the SRA Transparency Rules being introduced this December. It's an open secret that this move has been unpopular with the profession.
I practice immigration, my clients include companies and individuals. I am a sole practitioner with two employees and one simple functional website that I do not rely on for marketing my firm.
With more than US $3 billion being raised by way of Initial Coin Offering (ICO) in 2017 and the price of Bitcoin breaking through the US $19,000 mark (and dramatically falling again), interest in ICOs and cryptocurrencies is at an all-time high.
Today, company directors need to understand that the law requires them to ensure that their company is required to police itself for good corporate governance. The days have long gone when directors could say that their singular role in life was to maximise company profits, without considering the wider implications of its actions.
The GDPR (General Data Protection Regulation) is a buzzword in the legal sector at the moment, and you may well be sick of hearing about it - but that doesn't make it less important an issue for firms to address.
Cloud computing is increasingly ubiquitous, even in law firms, despite the view that the legal profession has a reputation for being slow to adapt. It is particularly popular among small firms and sole practitioners.
Solicitors' professional indemnity insurance (PII) is one of the top three overheads for most law firms. We've put together this guide with some tips on how to prepare for your renewal to give you the confidence that you have got the best terms for your business.
Other advice, products and services:
Martin MacHale explains the process of renewing your firm’s professional indemnity insurance.