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Editor's letter | The price of survival

The SRA’s handbook does not come into force for another four months, at the earliest, but it’s already causing nervousness across 
the profession, says Jean-Yves Gilg.

24 January 2019

The SRA’s handbook does not come into force for another four months, at the earliest, but it’s already causing nervousness across 
the profession.

Officially renamed ‘SRA Standards and Regulations’ at the regulator’s COLP and COFA conference last November, it certainly presents grounds for concern but there is also innovative thinking behind the SRA’s approach.

The concept of the new handbook was first unveiled in June 2017 and the final draft, circulated in June 2018, was approved by the Legal Services Board on 5 November.

Outcomes-based regulation is the on-going premise, so, for firms, it’s primarily a question of ensuring their systems and processes can continue to deliver compliance.

What’s unsettling 
is the option for solicitors to work in unregulated businesses and provide legal advice to the public without having to come off the roll or operate in a ‘non-practising’ capacity.

The m...

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