The SRA continues to face significant scrutiny as it responds to enforcement action from the LSB, challenges to its regulatory approach and growing pressure to strengthen its oversight of the profession.
In this latest discussion, CM Murray regulatory Partners Nick Leale and Andrew Pavlovic discuss recent developments and their potential implications for law firms, including:
- the SRA’s decision to pause its proposed changes to senior management and COLP and COFA roles, and what may come next;
- the Carter-Ruck decision on legal privilege and its significance for SRA investigations;
- the SRA’s response to the LSB’s concerns around financial risk and oversight, including its approach to law firm mergers and acquisitions;
- increased fining powers and scrutiny of the SRA’s approach to investigating misconduct; and
- recent developments in AML compliance and equality and diversity.
With the regulatory landscape continuing to develop, Nick and Andrew consider the potential practical impact for City law firm governance, compliance and risk management, and the key developments for firms to keep under review.
Watch the full discussion above or listen here.
If you would like to discuss any of the issues raised in this video, including the potential implications for your firm’s governance and compliance arrangements, please contact our regulatory specialists Nick Leale or Andrew Pavlovic.
Our recognised expertise in Professional Discipline:
Nick Leale is recognised by Chambers and Partners UK 2027: “Nick is a very experienced regulatory lawyer. He is an extremely good communicator and well-liked by clients.”
Andrew Pavlovic is recognised by Legal 500 UK 2027: “A standout practitioner: exceptionally knowledgeable, tactically astute, and deeply experienced in the professional discipline field.”
CM Murray LLP has been recommended by Legal 500 UK 2027 and Chambers and Partners UK 2027 for Professional Discipline:
“CM Murray has an outstanding professional discipline practice, combining deep sector expertise with first-rate strategic judgment and a highly client-focused approach.”
“The breadth of the firm’s expertise enables it to offer a solutions-focused approach to employment, compliance, and regulatory issues.”
