Lexcel - "Join the Debate"
Transforming the regulation of legal services - have your
say.
The Solicitors Regulation Authority (SRA) is transforming its
approach to regulation for the benefit of consumers. It intends to
set, promote & secure, in the public interest, standards of
behaviour and professional performance necessary to ensure that
clients receive a good service and that the rule of law is
upheld.
The intention is to foster a flexible and innovative market for
legal services, combining improved access to justice with assured
standards. For that reason, the SRA will pursue outcomes focused
regulation (OFR) to be introduced at the same time as the framework
permitting alternative business structures (ABSs) in October
2011.
OFR will concentrate on the quality of outcomes for clients
while allowing firms to show compliance in ways best suited to
their businesses. This transformation will involve changing the way
the SRA delivers its regulatory objectives, changing the
relationship legal service providers have with the SRA, and further
development of SRA staff skills and competencies.
The SRA are currently consulting on this new approach and the
consultation closes on 27 July 2010. For more information and to
have your say and 'Join the Debate' please click here to view
the SRA's website.
If you would like further information on how Lexcel can assist
your firm with 'compliance in ways best suited to your businesses'
call us on 0191 516 6919 or email gemmas@aneltd.co.uk.