SRA regulatory regime

Published by a LexisNexis Practice Compliance expert
Practice notes

SRA regulatory regime

Published by a LexisNexis Practice Compliance expert

Practice notes
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The way the solicitors regulation authority (SRA) regulates the solicitors’ profession has been evolving since its inception—from a prescriptive rules-based regime in the early days of the SRA, via outcomes-focused regulation between 2011 and 2019, to a more principles-based regulatory scheme from 2019 onwards. This Practice Note outlines the SRA regulatory regime. It reflects the requirements of the SRA Standards and Regulations.

The Solicitors Regulation Authority

The SRA is the independent regulatory arm of the Law Society. It regulates the solicitors’ profession in England and Wales—both individuals and entities providing legal services.

The SRA’s purpose is to ensure consumers receive a good service and that the rule of law is upheld. It does not represent the solicitors’ profession, which is the function of the Law Society.

For more information on the structure, role and powers of the SRA, see Practice Note: Solicitors Regulation Authority.

Who the SRA regulates

Until March 2009, the SRA concentrated on regulating individual solicitors rather than the entities through which they practised. Since then, as well as individual solicitors and overseas lawyers, it has

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Jurisdiction(s):
United Kingdom
Key definition:
Solicitors Regulation Authority definition
What does Solicitors Regulation Authority mean?

The Solicitors Regulation Authority (SRA) was set up by the Law Society to be its regulatory body after the Legal Services Act 2007 required the separation of all regulatory and representative activities relating to the legal professions.

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