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Focus on assigned risks pool forces SRA to cut down other monitoring visits
Monday, 15 November 2010The focus on law firms in the assigned risks pool has led to a significant fall in the number of other monitoring visits conducted by the Solicitors Regulation Authority (SRA), Legal Futures can report. The SRA says the move is an example of its shift towards risk-based regulation.
Tags: ARP, assigned risks pool, monitoring, practice standards unit, Solicitors Regulation Authority, SRA
Posted in News, Solicitors
Blog
Fifteen years on: Lessons from ABS reform
Fifteen years ago this month saw the very first alternative business structure. At the time, the prospect of non-lawyers owning law firms was dubbed ‘Tesco Law’.
Hybrid working and client money controls – be aware of the risks
For legal finance teams, remote working has changed how information moves, how approvals are obtained and how colleagues communicate.
AI can interrogate your contracts – but are they ready for questioning?
Suppose a law firm wants to review a client’s entire real estate portfolio for risk in the leases. Not long ago, that meant a multi-week project. Today, first-pass answer can arrive in minutes.
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