Exclusive: solicitors repay £1m to clients to end SRA investigations


Miners: solicitors repaying inappropriate deductions

Solicitors have agreed to pay back to clients over £1 million to end investi-gations being conducted by the Solicitors Regulation Authority (SRA), Legal Futures can reveal.

Figures obtained by this website show that the SRA has entered into 54 separate regulatory settlement agreements (RSAs) with 133 individuals since it was allowed to do so in 2008, although we understand that record-keeping in the early days of RSAs was not totally reliable. Of those, 51 have been or shortly will be published on the SRA’s website.

Sixteen of the RSAs to date have involved agreed offers to repay clients affected by, for example, inappropriate deductions of fees in miners’ compensation matters or overcharged  disbursements. The SRA estimates that pursuant to these agreements repayments of approximately  £1,003,600 have been made.

RSAs have also been used to deal by consent with appeals to the High Court in relation to practising certificate conditions and to remove solicitors immediately from the roll by consent, where, for example, they have retired or are suffering from ill health.

RSAs are not equivalent to commercial settlements; they are on the SRA’s terms, which are agreed to by the solicitor concerned.




Leave a Comment

By clicking Submit you consent to Legal Futures storing your personal data and confirm you have read our Privacy Policy and section 5 of our Terms & Conditions which deals with user-generated content. All comments will be moderated before posting.

Required fields are marked *
Email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blog


Hanging out the washing

There are three crucial requirements of technology any firm needs in order to adapt to a work from home model that, for some, is somewhat worrying: security, collaboration and all-in-one solutions.


Online wills – the future or too risky?

When it comes to online wills, there are many passionate viewpoints. Many see it an essential step towards futureproofing of the industry. Others are more concerned about the online process.


Loading animation