The SRA and law firms share the same risks
The recently published Risk Outlook 2013 report by the Solicitors Regulation Authority (SRA) presents a balanced view of the UK legal sector’s risk landscape.
As I read the report, it became evidently clear that the risks to the regulatory objectives of the SRA; and those faced by law firms, are really two sides of the same coin. Also, that the legal services providers that better manage their business risks – in turn also protect the integrity of the LSA and the SRA’s outcome focused regulation.
As published in the January 2014 issue of The Messenger