Defending Solicitors' Rights To Practise
The Solicitors Regulation Authority (SRA) may take enforcement action against some solicitors connected to the Post Office Horizon IT scandal before the statutory public inquiry publishes its final report (a date for which is still … Read More
The Financial Conduct Authority (FCA) and the Solicitors Regulation Authority (SRA) issued a joint warning on 4th February 2026 directed at claims management companies (CMCs) and law firms handling motor finance commission claims. The warning … Read More
The Solicitors Disciplinary Tribunal has warned that law firms could face the prospect of ‘double jeopardy’ as anti-money laundering supervision transfers from the Solicitors Regulation Authority to the Financial Conduct Authority. Background To The Consultation … Read More
A new thematic review by the SRA published in December 2025 has found that many compliance officers working in law firms feel undervalued and insufficiently supported in carrying out their regulatory duties. The findings were … Read More
On 5th November 2025, the SRA published a thematic review showing that while awareness is generally positive, there was evidence of non-compliance with source of funds and source of wealth checks. The review found that … Read More
In October 2025, the Legal Services Board (LSB) launched enforcement action against the Solicitors Regulation Authority (SRA) following an independent review into the regulation of SSB Group, which collapsed in early 2024. The action follows … Read More
Following the UK Supreme Court’s judgment in the case of Hopcraft and another (Res) v Close Brothers Limited (App); Johnson (Res) v FirstRand Bank Limited (London Branch) t/a MotoNovo Finance (App); Wrench (Res) v FirstRand … Read More
On 22nd August 2025, the SRA published the findings of its latest thematic review into high-volume consumer claims, raising what it describes as “significant concerns over poor practice” among some law firms. According to the … Read More
In February 2025, the SRA published the findings of an independent study into consumer vulnerability in the legal market. The study was conducted by Professor Harriet Pierpoint and Dr Paolo Baffero at the University of … Read More
The SRA has made it abundantly clear that it will take action against any law firm not complying with its AML requirements. Recent regulatory action highlights that even if firms are carrying out the necessary … Read More
In mid-December, the SRA published two thematic reviews: one into professional obligations and the other into probate and estate administration. Both reviews followed the release of the SRA’s 2023 Annual Assessment of Continuing Competence. The … Read More
On 19th December 2024, the SRA published a warning notice to regulated law firms and professionals entitled, “Marketing your services to members of the public”. It concerns prohibited marketing practices, including cold calling, door knocking, … Read More
In November 2024, the SRA published a new consultation entitled “Client money in legal services – safeguarding consumers and providing redress: The model of solicitors holding client money” on possible changes to how and when … Read More
The SRA has published new guidance that is specifically intended to help, guide, and support in-house solicitors operating in England and Wales. The in-house legal guidance is based on feedback following stakeholder feedback on drafts … Read More
In June 2024, the SRA launched a consultation on proposed changes to its financial penalty regime. The consultation proposes changes to the SRA fining guidance that the SRA believe will help them ‘deliver a strong … Read More
In May 2024, the Solicitors Regulation Authority (SRA) published a stark warning on its website to law firms engaged in financial product mis-selling compensation claims, urging them to adhere strictly to their professional obligations. The … Read More
On 21st June 2024, the SRA issued a warning notice to law firms about the requirement to address any shortages in client accounts promptly. The warning highlights the severe consequences of failing to replace missing … Read More
In part 1 of this article, we looked at the SRA’s Risk Outlook report on the implications of AI for the UK’s legal market. In part 2, we will look at some of the specific … Read More
Perhaps one of the biggest themes of 2023 was the widescale adoption and proliferation of Artificial Intelligence (AI) in all areas of life. The rather unnerving (or exciting, depending on your standpoint) reality is that … Read More
If you have received a warning letter from the SRA warning that your law firm is not compliant with their Transparency Rules, you are not alone. The SRA is currently carrying out an “ongoing programme … Read More