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SRA approves ARP reforms despite threat of legal action from minority group

4 May 2010

The board of the Solicitors Regulation Authority today pushed ahead with reforms to the assigned risks pool (ARP) despite the threat of a legal challenge from the Black Solicitors Network. March’s “in principle” decision to close the ARP to new firms and halve the length of time firms can spend in it to a year was confirmed after the board considered a full equality impact assessment which concluded that both proposals had a potential adverse impact on race equality.


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The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.


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