Law Society comment: SRA review of transparency reforms
The Law Society of England Wales comments a year after the Solicitors Regulation Authority’s review of transparency reforms came into effect with independent research showing most firms are publishing their price and service information.
Law Society president David Greene said:
“The level of consumer engagement with the pricing information available is encouraging but it also needs to be seen in the context of relatively recent measures which are still bedding in.
“The Law Society has always maintained that the cost of legal services is one aspect of a complex picture. It is therefore encouraging to see that in most cases, the final decision on who to instruct is ultimately based on experience, recommendations and reputation.
“We have also provided substantive assistance to the profession to support its compliance with the rules and broadly the profession has sought to comply. However, the Law Society recognises that there is still work to be done and our support for members will be reviewed to address any gaps or issues that have been identified.”
The SRA are holding a webinar on what solicitors need to do to meet their regulatory obligation and findings from our recent review in this area. It will provide an update on what firms need to do to meet our Price Transparency rules.
Kindly shared by The Law Society of England and Wales
Main article photo courtesy of Pixabay