This critical report offers practical guidance to aid compliance with the most recent updates to the SRA Handbook – and the upcoming changes to Outcomes-Focused Regulation.
Fully updated for 2013, the second edition includes:
- An overview of the 6th edition of the SRA Handbook which published 1 Jan 2013; plus advice on upcoming amendments to the handbook in version 7 due April 2013;
- Fully updated advice on the SRA's approach to authorisation, risk and supervision;
- The SRA Code of Conduct - compliance requirements and risk management strategies in key areas (client care, conflicts of interests and confidentiality, referrals, outsourcing, separate business and overseas practice);
- Information on the SRA's Strategic Plan 2013-15 and the SRA's Regulatory Risk Framework;
- Information on the regulatory changes and the SRA's response to the LASPO Act 2013, including a checklist of action points to show your firm has considered these changes and updated compliance plans.
Respected authors, Bronwen Still and Tracey Calvert were both instrumental in the drafting of the SRA Handbook and have first hand experience in advising firms on ethics and compliance.
What makes this report unique?
New and updated real-life case studies, examples and perspectives from leading practitioners give you critical insight into:
- COLPs & COFAs - How appointments were made and advice on the practical issues facing those in the roles;
- The FSA regulatory experience and how this compares with SRA regulation;
- Good governance and how a whistle-blowing policy should work;
- Compliance planning - Invaluable tools and procedure options; and much more...
Chapter 1: ‘All change in the legal services market’
Chapter 2: The opening up of the legal services market
Chapter 3: The SRA’s response to the LSA
Chapter 4: Cutting the SRA Handbook down to size
Chapter 5: How the SRA evaluates law firm risk
Chapter 6: Authorisation Rules and how they affect all firms
Chapter 7: An analysis of the COLP and COFA roles
Chapter 8: Other requirements for authorised firms
Chapter 9: The SRA’s powers over firm
Chapter 10: How new firms become authorised
Chapter 11: The SRA Code of Conduct 2011 and the practical application of OFR
Chapter 12: Client care
Chapter 13: Conflicts of interests
Chapter 14: The duty of confidentiality and disclosure
Chapter 15: Fee sharing and referrals
Chapter 16: Separate businesses
Chapter 17: Outsourcing
Chapter 18: Overseas offices
Chapter 19: Compliance with the rest of the SRA Code of Conduct 2011
Chapter 20: SRA Accounts Rules 2011 – The new compliance requirements and the role of the COFA.
Chapter 21: Other significant aspects of the SRA Handbook
Chapter 22: Compliance planningCheck our Executive Summary and full table of contents here