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The International Data Insights Report: Trends in international arbitration
Mark Fallmann
In November 2015, the Solicitors Regulation Authority (SRA) published its position paper “Looking to the Future”, through which it committed to a phased review of the SRA Handbook and its overall approach to regulation. It was also at this stage that a new regulatory model, with two distinct strands, was first proposed. This model sought, on the one hand, to regulate individuals through education and entry standards, on-going competence and ethical behaviours. On the other hand, it sought to regulate firms, with emphasis being on their systems and controls.
As most in the legal profession are now aware, the Solicitors Regulation Authority (SRA) will be launching its new set of Standards and Regulations (known now by many as the “StaRs”) on 25 November 2019…
Are we nearly there yet?
As most in the legal profession are now aware, the Solicitors Regulation Authority (SRA) will be launching its new set of Standards and Regulations (known now by many as the “StaRs”) on 25 November 2019. The StaRs could herald a new era in legal regulation in which there will be a distinct shift in focus, both in terms of what the SRA considers to be its priorities as a regulator (of both individuals and firms), and in what the SRA expects of those it regulates.
The confusion must be cleared away and guidance established if these deals are to remain trusted and useful, writes Iain Miller for The Brief.
Recent political statements as to the role professionals can play in money laundering by “providing a veil of legitimacy to organised criminals” has led to a focus on “lawyers, accountants and estate agents [who] are too often woven into their web.”

Leading firm in the "Future of legal services - UK" category in Q3, 2019
Mark Fallmann
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