The Solicitors Regulation Authority (SRA) has abandoned plans to impose a group-wide approach to the regulation of firms which engage in activities overseas as it launched a second consultation on amending the SRA Handbook in relation to international practice.
Alternative business structures cannot be viewed as law firms and will not be allowed to operate in France, the body representing the 179 French bar associations has said. They claimed ABSs conflict with lawyers’ independence.
New York lawyers are banned from running the Big Apple office of a UK alternative business structure with non-lawyer owners, the New York State Bar’s committee on professional ethics announced yesterday.
Foreign law firms could choose to be regulated by the Solicitors Regulation Authority under proposals put forward yesterday. An SRA green paper also suggests introducing a single “passport to practice” for firms with multiple overseas offices.
The Solicitors Regulation Authority will next year conduct ‘thematic reviews’ on its approach to conveyancing, the financial viability of law firms, and both English firms’ overseas practice and foreign lawyers working over here, it has emerged.