UK law firm regulator signals simpler approach

The Solicitors Regulation Authority (SRA) looks likely to try to adopt a more straightforward approach and might relax the controversial 'separate business' rule.

The Solicitors Regulation Authority (SRA) looks likely to try to adopt a more straightforward approach filmfoto

Executive director Richard Collins said: ‘Perhaps the whole debate about the future direction of regulation has focused too much on the theory at times. This was, perhaps, understandable as all of the regulators came to terms with the impact of the Legal Services Act, and as the major change to independent regulation and the introduction of alternative business structures was made. However, there is a real need to talk in a language that ordinary lawyers and consumers understand.’ Source: Legal Futures

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