Looking to the future—what to expect following the LSB’s decision on reform of the SRA Handbook—in-house lawyers [Archived]
Looking to the future—what to expect following the LSB’s decision on reform of the SRA Handbook—in-house lawyers [Archived]

The following Risk & Compliance practice note provides comprehensive and up to date legal information covering:

  • Looking to the future—what to expect following the LSB’s decision on reform of the SRA Handbook—in-house lawyers [Archived]
  • The new SRA Standards and Regulations
  • What’s in the SRA Standards and Regulations?
  • What the LSB decided
  • Key changes
  • Practising framework changes
  • Slimmed down Principles
  • Code of Conduct split in two
  • No more Outcomes or Indicative Behaviours
  • Accounts rules changes
  • More...

Looking to the future—what to expect following the LSB’s decision on reform of the SRA Handbook—in-house lawyers [Archived]

The Solicitors Regulation Authority (SRA) has wanted to restructure the way it regulates solicitors and law firms for a long time. From June 2016 onwards, it launched a series of consultations under the banner ‘Looking to the Future’, with a view to ‘radically’ simplifying the SRA Handbook and making it shorter, clearer and easier to use.

Following a lengthy consultation process, the SRA’s proposals were submitted to the Legal Services Board (LSB) for approval in August 2018. The LSB published its decision on 6 November 2018, approving the SRA’s proposals in full. The SRA announced on 20 March 2019 that the new Standards and Regulations would come into effect on 25 November 2019.

This Practice Note explains the position finally agreed by the LSB on reform of the SRA Handbook. It explains the background to the reforms, the key proposed changes affecting the regulation of in-house lawyers, the guidance the SRA is planning to produce and the timeline for implementation of the changes.

The new SRA Standards and Regulations

What’s in the SRA Standards and Regulations?

The draft Standards and Regulations submitted to the LSB for approval comprised the following sections:

Proposed rulesWhat the rules cover
SRA PrinciplesThe SRA’s ethical standards
SRA Code of Conduct for Solicitors, RELs
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