Tag Results

SRA to give law firms online tool to compare how diverse they are

Law firms will be able to check the diversity data of similar practices from next month, the Solicitors Regulation Authority has said. This will give them confidence to improve their own diversity, the head of its equality committee said.

October 9th, 2014 | 1 Comment »

SRA signals fresh approach to regulation

The Solicitors Regulation Authority has signalled a fresh approach to its work, with a focus on simplifying the requirements it imposes and ensuring they are proportionate.

May 1st, 2014 | No Comments »

SRA builds relations with high-impact firms

The introduction of relationship management – giving certain law firms a dedicated contact at the Solicitors Regulation Authority – is working for both sides, new research has indicated. However, a fifth of firms consider complying with OFR is too expensive.

April 15th, 2014 | No Comments »

SRA dismisses questions over need for OFR

The Solicitors Regulation Authority has hit back over a report questioning why it introduced both entity and outcomes-focused regulation, saying it was acting in the interests of both consumers and lawyers.

December 19th, 2013 | 1 Comment »

Two years into OFR and now LSB research asks: why did we need it?

The move by the Solicitors Regulation Authority to embrace entity-based and outcomes-focused regulation is hard to understand, major new research commissioned by the Legal Services Board and Law Society has claimed.

December 18th, 2013 | No Comments »

Solicitors’ support for OFR crashes

A Law Society survey finding that a growing number of senior solicitors think outcome-focused regulation places too heavy a burden on firms has drawn a rapid rebuttal from the Solicitors Regulation Authority.

May 20th, 2013 | No Comments »

Do you ‘get’ OFR?

A number of positives are revealed in a recent survey conducted by the Solicitors Regulation Authority. Most notably, a year after the implementation of outcomes-focused regulation (OFR) and perhaps understandably, firms’ attitudes are shifting towards greater levels of acceptance as they increase their experience of working with the new regime of regulation. Measuring the impact of OFR on firms, released last week, found that 50% of respondents felt ‘favourable’ about OFR, a welcome increase on the previous year’s 36%. However, that still leaves the other 50% to be convinced.

February 28th, 2013 | No Comments »

SRA survey: OFR confusion for many firms – and their compliance officers

Nearly half of solicitors’ firms are not clear what regulatory outcomes they are expected to deliver, a survey on outcomes-focused regulation (OFR) has found – despite more than four out five people questioned being those responsible for ensuring compliance.

February 19th, 2013 | 2 Comments »

Does the SRA practise what it preaches over OFR?

An outcomes-focused, risk-based approach to regulating the activities of most lawyers who deliver legal services in a post-Legal Services Act landscape is a fact of life. Yet you still don’t have to go far to find solicitors who either fail to grasp the concept or hanker after the old, detailed rules-based system. The degree of non-acceptance is profound, more than a year after outcomes-focused regulation came in – in October 2011. So persistent is it that the SRA may be relying on the insertion of compliance officers for legal practice and financial administration (COLPs and COFAs) into the fabric of every firm to help change attitudes.

January 10th, 2013 | No Comments »

Masses of non-compliance by overwhelmed solicitors, research finds

There are widespread failures among law firms to comply with a host of key regulatory requirements, from their websites to the Bribery Act, new research seen exclusively by Legal Futures has shown. The figures indicate that there is simply too much for small firms to comply with, according to its author.

December 5th, 2012 | No Comments »