What to do when the SRA comes knocking?

The Solicitors Regulation Authority (SRA) is a regulator widely feared and misunderstood by solicitors and law firms. It publishes materials to help law firms stay compliant and make decisions when things have gone awry, but it can be difficult to know where to focus your law firm’s resources.

In this myth-busting webinar, regulator Solicitor Paul Bennett outlines how to plan for the SRA to take an interest in your firm and how to show your firm in the best light.

The SRA conducts audits, investigations and enforcement actions. Do you understand the risks of each type of interaction? You will do by the end of this webinar.

Topics covered include:

• What is the difference between: Audit, Investigation and Enforcement?
• The SRA’s three core functions: authorisation, supervision, and enforcement.
• What the SRA enforces!
• Who is subject to enforcement: firms, individuals, managers, employees, and non-authorised persons.
• Enforcement triggers: reports from the public, courts, other regulators, or the SRA’s own supervision.
• Why does developing robust compliance systems and controls protect your reputation?
• Documenting all communications and actions taken.
• Seek legal advice where appropriate.