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What is the difference between the Law Society and the Solicitors Regulation Authority?

The SRA is the independent, regulatory arm of the Law Society. It makes and enforces the rules which solicitors and organisations regulated by the SRA must follow. It works in the public interest to uphold the regulatory objectives in the Legal Services Act.

What is an SRA regulated solicitor?

The SRA is the regulator of solicitors and law firms in England and Wales. We regulate more than 200,000 solicitors in England and Wales. Our purpose is to protect the public. by ensuring that solicitors meet high standards, and. by acting when risks are identified.

What is SRA Authorisation?

The SRA will deem a person to be fit and proper to be a manager or owner of an authorised body if the person is: a solicitor, an REL, RFL or an authorised body; or. a person who has previously been approved by the SRA under rule 13.1 and is: authorised and regulated by another approved regulator; or.

What is the role of the solicitors regulation authority?

Regulating in the public interest Our aim is serve the public interest and protect consumers of legal services. We monitor solicitors and their firms to make sure they are complying with the rules. We exchange information with other regulators and law enforcement agencies in order to protect the public.

Where is the solicitors regulation authority?

Follow Threadneedle Steet until you docHub the intersection with Old Broad Street. 125 Old Broadstreet is the first building on your left. The SRA office is at the southern end of the street.

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What is the difference between the Law Society and the SRA?

Following the Clementi review, the SRA was formed as a Board of The Law Society, but it regulates and enforces regulation completely independently of the Law Society. It is not representative of, or responsive to, the profession, and it is headed by non-lawyers.

What is the solicitors regulation authority United States?

The SRA regulates firms and individuals in the public interest. This means setting the minimum professional standards that solicitors should adhere to so their clients - as consumers - get the service they expect. When these standards are not met, professional sanctions are taken to act as a deterrent.

What powers does the Solicitors Regulation Authority have?

Under the Solicitors Act 1974 (as amended), the SRA has powers to investigate misconduct, including the power to require solicitors, their employees or the manager of a firm to explain their conduct and to produce documents. Failure by solicitors to comply with these requirements may constitute misconduct.

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