SRA updates warning notice on use of NDAs

Article summary

The Solicitor's Regulatory Authority (SRA) has updated its warning notice on the use of non-disclosure agreements (NDAs). This comes after the SRA updated and then removed updated guidance in July 2024, stating that update was an administrative error. The warning notice covers the use of NDAs and is relevant to all NDAs regardless of the context in which they arise. It addresses topics such as the regulatory obligations of those running law firms, the SRA principles, and concerns the SRA has regarding the use of NDAs. This new update to the warning notice has removed the sentence 'NDAs include any form of agreement or contract, or a clause within a wider agreement or contract, under which it is agreed that certain information will be kept confidential' in the section 'Is an NDA needed?' It has also removed the sentence 'A settlement agreement is not valid unless legal advice has been provided by a relevant legal adviser' in...