The SRA has just published their decision and response to the ‘looking to the future’ consultation on changes to the SRA handbook. Over 11,000 people engaged in the process, reflecting opinion from a broad range of people and organisations including solicitors, law firms the public and representative bodies.
Solicitors can not only expect a shorter, simpler code, but two codes of conduct; one for individuals and one for firms.
This will allow for one of the most significant changes since, and partly because of, the Legal Services Act 2007. The changes, expected sometime in 2018, will allow solicitors to offer non-reserved legal services outside of regulated firms.
The change, while protested by the Law Society, looks set to open up the legal market, allowing regulated solicitors to offer services on behalf of any business they work for. In many ways it is a natural progression from the Legal Services Act and the creation of ABS structures. Now, with a new individual handbook on the way, the opportunities for solicitors in the wider business marketplace will be opened up.
As the changes take effect, many more solicitors might find themselves in the situation of having to organise their own training, as they may not have a firm behind them to ensure they undertake continuing competence.
At VinciWorks, we’re closely monitoring the coming changes to the SRA handbook, with new courses in the works and new ways for solicitors to be confident in ensuring their competence.
Summary of coming changes
Solicitors able to offer services outside SRA regulated firms
Non-reserved legal services outside of SRA-regulated firms can be offered by regulated solicitors.
New codes of conduct: individuals and firms
A code of practice for individuals will set out professional standards and behaviours required of solicitors. A code of practice for firms will set out the responsibilities and standards of regulated businesses.
New SRA principles
A streamlined set of principles will set out the ethical standards expected by all.
New account rules
Less bureaucracy with a stronger focus on keeping clients’ money safe.
New handbook coming Autumn 2018
Following phase two of the ‘Looking to the Future’ consultation which will focus on the rest of the rules and approach to enforcement, the new changes to the handbook will be implemented together.
