The Law Society has reiterated its concerns about the Solicitors Regulation Authority’s (SRA) plans to increase its fining powers by more than 1,000%
Responding last week to the SRA’s 2022/2023 business plan and budget consultation, Law Society president I Stephanie Boyce said the Society has ‘real concerns about the approach the SRA is taking in a number of areas, such as fining powers and health and wellbeing considerations in law firms’ and opposed the increase in fining powers without ‘balancing these changes with appropriate safeguards’. She said SRA proposals for new regulatory powers on wellbeing were ‘not supported by evidence’.
