Strategic Implications of The New SRA Handbook

What are the strategic implications of the Looking to the Future revisions to the New SRA Handbook for you and your firm?

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Course Overview

The SRA decided to revisit the SRA Handbook in 2016, six years on from the last major shake-up. The drive to open-up the market was at the forefront of this decision and whilst the introduction of Alternative Business Structures (ABS) and Outcomes Focused Regulation (OFR) has transformed some individual firms and legal services groups, it has not been the ‘big bang’ many anticipated.

Through the further relaxation of rules, the SRA hope to promote business flexibility. In some ways this approach is more radical than the introduction of ABS and could well see the complete re-structure of legal services, the legal services market, and the regulators.

Looking to the Future means solicitors will be able to practice in non-regulated businesses, while still carrying the title solicitor, provided they are not conducting reserved work.

Moving forwards, two new draft codes contained within the SRA Handbook (one for the individual, and one for firms), will sit alongside reformed (and individually focused) principles, and – of course –the new Competence Statement, which underpins the professional ability of the individual.

Rather than looking at the detail of the new SRA Handbook, this strategy-based course is aimed at those wanting to understand and potentially take advantage of the changes proposed; Firms should consider carefully whether they are likely to want to hive off part of their firm conducting non-reserved work or integrate with businesses around them.  The new proposals will undoubtedly stimulate competition, but that competition may come from outside the sector.

Please note the consultations have now closed and the draft Standards and Regulations are available at www.sra.org.uk.


What are the requirements?

  • Watch the recorded webinar, review the supporting documentation and complete the short quiz to test your legal knowledge.
  • This course provides 1.5 CPD points

Learning Outcomes

  • On completion of this course you will have a greater understanding of the Looking to the Future SRA Handbook reforms and the implications of these changes for individual solicitors and firms

What is the target audience?

  • This course is suitable for practitioners of all levels and will be of particular interest to managers, partners, HR and practice managers

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About Instructor - Katie Jackson

Katie Jackson is a consultant specialising in law firm compliance and regulation. A former Inspector for the Council for Licensed Conveyancers, Katie led and managed inspections of some of the largest conveyancing practices in the country. Prior to working for the CLC, Katie spent a number of years working in various inspection and policy roles for the Solicitors Regulation Authority, and Legal Services Commission.

Course Curriculum

Recorded Webinars

  • Part 1
    00:32:24
  • Part 2
    00:25:32

Supporting Documentation

  • Notes
    7 Page
  • Slides
    10 Page

Quiz

  • Quiz
     

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