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Email address will not be published.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


Why private client solicitors should work with financial planners – and tell their clients

Ever since the SRA introduced the transparency rules in 2018, we have encouraged solicitors to not just embrace the regulations and the thinking behind them, but to go far beyond.


A paean to pupils and pupillage

To outsiders, it may seem that it’s our horsehair wigs and Victorian starched collars that are the most unusual thing about the barristers’ profession. I would actually suggest it’s our training.


Five ways to maintain your mental health at the Bar

Stress, burnout and isolation are prevalent concerns for both chambers members and staff. These initial challenges may serve as precursors for more severe conditions, such as depression and anxiety.


Loading animation