04 February 2016
The Solicitors Regulation Authority (SRA) has welcomed the decision by the Legal Services Board to approve proposals to remove unnecessary burdens on law firms carrying out reserved activities. The previous rules meant that the SRA could revoke or suspend a firm’s authorisation if it did not carry out the reserved activities it was authorised to do. The removal of this rule means that once a firm has shown it meets the standards to be entitled to carry out reserved activities, it will not need to demonstrate that it is actively doing so.
