The following Practice Compliance practice note provides comprehensive and up to date legal information covering:
A firm's managers must be approved by the SRA. Solicitors and firms who are themselves authorised by the SRA benefit from deemed approval. All other managers must follow a formal approval process.
A manager is:
a member of an LLP
a director of a company
a partner in a partnership, or
in relation to any other body, a member of its governing body
Anyone falling within this definition must be approved by the SRA.
A firm could be owned or managed by a parent company. If so, the SRA will be concerned with who manages the parent company. Consequently, any manager of a company that manages or owns the firm must also be approved by the SRA.
The SRA's written permission is required for certain high-risk individuals to become managers. This applies to solicitor practices and ABSs.
High-risk individuals are persons who:
have been struck off the roll of solicitors
are suspended from practising as a solicitor
have had their practising certificate suspended pending undischarged bankruptcy, or
are subject to:
a direction relating to prohibition on restoration to the roll under SA 1974, s 47(2), or
an order relating to control of solicitors' employees and consultants under SA 1974, s 43
There is an absolute bar on anyone the SRA has disqualified from being a manager becoming a
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