The following In-house Advisor practice note produced in partnership with Ann Page of Yorkshire Courses for Lawyers provides comprehensive and up to date legal information covering:
In 2016 the requirement to undertake 16 hours of continuing professional development (CPD) training each year was phased out and replaced by the concept of continuing competence. Solicitors are now expected to take responsibility for ensuring they maintain their competence to provide a proper standard of service to clients.
This Practice Note provides an introduction to the SRA competency regime for solicitors working in-house together with high-level guidance on how to demonstrate compliance.
The SRA definition of competence is based around a solicitor having 'the ability to perform the roles and tasks required by one's job to the expected standard'.
The advantage of this definition is that it recognises that requirements and expectations change depending on job role and context. It also recognises that competence develops, and that an individual may work competently at many different levels, either at different stages of their career, or indeed from one day to the next depending on the nature of their work.
A core component of the SRA’s approach to continuing competence is the SRA Statement of Solicitor Competence (the competence statement). The SRA believes its competence statement reflects up-to-date best practice in terms of the performance of solicitors’ duties within the current regulatory framework for the profession.
The competence statement is made up of three parts:
the statement of solicitor competence
the threshold standard, and
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent and drafting issues.What are conditions precedent?A condition precedent in a commercial contract details an event which must take place before:•a
Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
STOP PRESS: The Corporate Insolvency and Governance Act 2020 contains provisions which, on a temporary basis (presently until 31 December 2020) impose significant limitations on the ability for a creditor to seek a winding-up order against a company. For further reading, see Practice Note: Corporate
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.