The regulator is also concerned about proposed SRA powers around wellbeing issues

The Law Society has expressed concern about the Solicitors Regulation Authority’s (SRA) plans to increase its fining powers by more than 1,000 per cent, in its response to the SRA’s 2022/2023 business plan and budget consultation.

Law Society president I. Stephanie Boyce (pictured) said: “In principle, we welcome the SRA’s ongoing prioritisation of its core regulatory function of ensuring high professional standards of competence”.

She said the Law Society was “particularly pleased” with the SRA’s decision to “extend the life” of the Solicitors Indemnity Fund (SIF) for a further 12 months, following widespread concern from the profession and consumers alike ...

Suzanne Townley
News Editor
Solicitors Journal

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