The Solicitors Regulation Authority (SRA) has launched a consultation on proposed changes to financial penalties for law firms and solicitors that fall short of the expected professional standards.

The SRA has said it wants to resolve cases “much more quickly”, improve public protection and save time and costs for all parties, as well as reduce stress for the profession.

The consultation seeks views on proposals to:

  • Increase the maximum fine the SRA can issue from £2,000 to £25,000;
  • Take into account the turnover or income of firms and individuals when setting fi...

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