Lexis®Library update: It will introduce a system of fixed penalties for lower level misconduct, with other fines based on a percentage of turnover/gross income of the firm or individual.
The SRA will also carry out a pilot on the use of personal impact statements in cases involving sexual misconduct, discrimination or harassment. These cases will usually be referred to the Solicitors Disciplinary Tribunal for suspension or strike-off of the individual. Fines may also be levied against firms where poor systems or controls have allowed these types of behaviour.
It has also confirmed that more information will be published on disciplinary decisions, which will remain on the public record for set periods based on the type of decision. The time periods will range from three years for warnings and fines to remaining permanently on the record for strike-off decisions.
The new fining regime is expected to come into force on 30 May 2023, subject to approval from the Legal Services Board.
More information on the SRA's updated approach can be read here.
Source: SRA confirms updated approach to fines and publishing decisions
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 16 February 2023 and is published with permission. Further information can be found at: www.lexisnexis.co.uk.
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