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The Kings Court Trust Blog

Keeping you up-to-date with Wills, probate and estate administration industry news

Plans to Increase SRA's Fining Powers Scrapped

Here at KCT we were very interested in the recent breaking news from the sector that the Solicitors Regulation Authority (SRA) has altered its plans to dramatically increase internal powers to fine 'traditional' law firms and solicitors – as reported by both LegalFutures.co.uk and the Law Gazette.
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SRA Publishes Risk Outlook For 2014-2015

The Solicitors Regulation Authority (SRA) recently published its annual Risk Outlook paper on what aspects of the profession need to be addressed over the coming year, Legal-Eye reports. At King Court Trust we are always interested in what elements of the profession the SRA believe need to be looked at and what they believe could become a potential problem in the near future.
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SRA Seeks to Ease Regulatory Pressure on Multi-Disciplinary ABSs

Earlier this month, the Solicitors Regulation Authority (SRA) proposed taking non-reserved legal activities within multi-disciplinary alternative business structures (ABSs) out of duplicate regulation. The move is chiefly aimed at alleviating regulatory pressure on multi-disciplinary practices (MDPs) given their relatively low level of interest in becoming an ABS and encouraging more MDPs to enter the market, the authority said on its website.
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Over 400 Firms Choose ABS Path With SRA

A total of 454 firms have started the application process for an alternative business structure (ABS) status in the past 12 months, according to data from the Solicitors Regulation Authority (SRA).
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