Tag Results
SRA to give law firms online tool to compare how diverse they are
Thursday, 9 October 2014Law firms will be able to check the diversity data of similar practices from next month, the Solicitors Regulation Authority has said. This will give them confidence to improve their own diversity, the head of its equality committee said.
Tags: BAME firms, diversity, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
SRA signals fresh approach to regulation
Thursday, 1 May 2014The Solicitors Regulation Authority has signalled a fresh approach to its work, with a focus on simplifying the requirements it imposes and ensuring they are proportionate.
Tags: OFR, outcomes-focused regulation, separate business rule, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA builds relations with high-impact firms
Tuesday, 15 April 2014The introduction of relationship management – giving certain law firms a dedicated contact at the Solicitors Regulation Authority – is working for both sides, new research has indicated. However, a fifth of firms consider complying with OFR is too expensive.
Tags: OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Solicitors
SRA dismisses questions over need for OFR
Thursday, 19 December 2013The Solicitors Regulation Authority has hit back over a report questioning why it introduced both entity and outcomes-focused regulation, saying it was acting in the interests of both consumers and lawyers.
Tags: entity regulation, Legal Services Board, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Solicitors
Two years into OFR and now LSB research asks: why did we need it?
Wednesday, 18 December 2013The move by the Solicitors Regulation Authority to embrace entity-based and outcomes-focused regulation is hard to understand, major new research commissioned by the Legal Services Board and Law Society has claimed.
Tags: entity regulation, Legal Services Act, Legal Services Board, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Solicitors
Solicitors’ support for OFR crashes
Monday, 20 May 2013A Law Society survey finding that a growing number of senior solicitors think outcome-focused regulation places too heavy a burden on firms has drawn a rapid rebuttal from the Solicitors Regulation Authority.
Tags: Law Society, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Do you ‘get’ OFR?
Thursday, 28 February 2013A number of positives are revealed in a recent survey conducted by the Solicitors Regulation Authority. Most notably, a year after the implementation of outcomes-focused regulation (OFR) and perhaps understandably, firms’ attitudes are shifting towards greater levels of acceptance as they increase their experience of working with the new regime of regulation. Measuring the impact of OFR on firms, released last week, found that 50% of respondents felt ‘favourable’ about OFR, a welcome increase on the previous year’s 36%. However, that still leaves the other 50% to be convinced.
Tags: OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Blog
SRA survey: OFR confusion for many firms – and their compliance officers
Tuesday, 19 February 2013Nearly half of solicitors’ firms are not clear what regulatory outcomes they are expected to deliver, a survey on outcomes-focused regulation (OFR) has found – despite more than four out five people questioned being those responsible for ensuring compliance.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Does the SRA practise what it preaches over OFR?
Thursday, 10 January 2013An outcomes-focused, risk-based approach to regulating the activities of most lawyers who deliver legal services in a post-Legal Services Act landscape is a fact of life. Yet you still don’t have to go far to find solicitors who either fail to grasp the concept or hanker after the old, detailed rules-based system. The degree of non-acceptance is profound, more than a year after outcomes-focused regulation came in – in October 2011. So persistent is it that the SRA may be relying on the insertion of compliance officers for legal practice and financial administration (COLPs and COFAs) into the fabric of every firm to help change attitudes.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Blog
Masses of non-compliance by overwhelmed solicitors, research finds
Wednesday, 5 December 2012There are widespread failures among law firms to comply with a host of key regulatory requirements, from their websites to the Bribery Act, new research seen exclusively by Legal Futures has shown. The figures indicate that there is simply too much for small firms to comply with, according to its author.
Tags: compliance, OFR, outcomes-focused regulation, Solicitors Regulation Authority
Posted in Latest news, Other lawyers, Solicitors