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Showing 22 results for "compensation"


Client protection, interventions and compensation fund - corporate report 2021/22

We intervene and close down about 40 solicitor firms a year to protect client interests. This report details trends from 2021 to 2022.

Client protection, interventions and the compensation fund 2020/21 - Corporate report

If we know that people are at risk of receiving legal services from a dishonest solicitor, or it is, for some other reason, necessary to protect the interests of clients, we can take action and close down a firm or a solicitor’s practice.

Client protection, interventions and the compensation fund - Corporate reporting

If we know that people are at risk of receiving legal services from a dishonest solicitor, or it is, for some other reason, necessary to protect the interests of clients, we can take action and close down a firm or a solicitor’s practice.

Client Protection Annual Report 2022/23

A key part of our role in helping drive confidence and trust in legal services is stepping in where needed to protect clients and the wider public.

Future market changes in the legal sector and their potential impact on client money

The Solicitors Regulation Authority (SRA) commissioned Frontier Economics to study future market changes in the legal sector and their potential impact on client money, in the context of their Consumer Protection Review.

Our Annual Reports for 2023/24

This set of annual reports gives an insight into the core work we do to protect consumers and drive trust and confidence in legal services. They are a key part of making sure we are open and transparent, helping the profession and public understand the work we are doing, while sharing insights on changes in the sector.

Client money consumer protection arrangements

In 2023 the Solicitors Regulation Authority (SRA) carried out twice as many interventions (closing down a firm to protect clients’ interests) as in 2022, including high profile closures. There are signals that the nature of risk in the sector is changing, and so the SRA is considering its response to risk.

Personal injury: The quality of legal services in the personal injury sector

We looked at 14 areas of the PI market where concerns have been raised. We visited 40 law firms. Firms generally showed they had systems and processes in place to make sure a proper service is provided to clients.

How other regulators and jurisdictions hold client money

This research seeks to identify alternatives to client money handling and to evaluate the benefits and disadvantages of these models (to consumers, law firms and the SRA) and any other factors to consider.

Solicitors Regulation Authority Limited Financial Statements for the year ended 31 October 2023

This is our second full year of operating as Solicitors Regulation Authority Limited and the third report covering our activities as a distinct legal entity (DLE) within The Law Society Group.