On 4 July, the SRA released the first of its long promised guidance notes to support the forthcoming regulatory changes and the brand new SRA Accounts Rules.
Legal Sector News
Donald Forsyth is chair of The Institute of Directors in the Highlands & Islands and a partner in Saffery Champness LLP.
Review of certain law firms’ compliance with Money Laundering, Terrorist Financing and Transfer of Funds Regulations
This year’s Solicitors Conference, held at Chartered Accountants Hall, was a great success, judging by the positive feedback.
The Legal Services Board (LSB) recently approved the SRA’s ‘Looking to the Future’ reforms, effectively giving the official go ahead for the regulatory changes which will be phased in over the course of the next year or so.
A little while ago, the Solicitors Regulation Authority (SRA) released some detailed guidance on their forthcoming pricing and transparency rules, and it has since confirmed that the effective date for the rules is 6 December 2018.
As some of us may already be aware, there is something called ‘The Mutual Recognition of Professional Qualifications (MRPQ)’ Directive which is a reciprocal arrangement enabling European Economic Area (EEA) nationals to have their professional qualifications recognised in other EEA member countries.
Judging by the feedback, this year's Annual Conference, held in London and Manchester in May and July, it was a great success and we have put together an interesting agenda for the Roadshows this Autumn which are being held In four regional centres.
Hopefully you will all have seen the much awaited and much needed guidance on rule 14.5 published recently by the SRA?
Lawyers naturally want to be paid more. Firms want to make more money as well to increase partner profits.