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SRA Releases Effective Date for New Rules

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Today the SRA have confirmed that the new regulations will come into effect on 25th November 2019.  The SRA say that these will allow solicitors greater flexibility in how they work and makes it easier for people to get help.

Link to full press release

Key changes being introduced include:
Creating separate codes of conduct for firms and solicitors

  • Simpler Account Rules that focus on the principles of keeping client money safe rather than lots of specific technical rules
  • Freeing up solicitors to carry out ‘non-reserved’ legal work from within a business not regulated by a legal services regulator
  • Allowing solicitors to provide reserved legal services on a freelance basis

Coinciding with the introduction of Standards and Regulations, November will also see the SRA Digital Badge becoming a mandatory requirement for all regulated firms who run a website.

Link to full press release

ILFM SRA Accounts Rules Training.

Are you up to date with regulations?  

This one day training will provide an outline and review of the new SRA Accounts Rules 2019, as published by the SRA and now approved by the Legal Services Board.

"I would thoroughly recommend this course as not only does it advise you what the new SRA rules are but also tells you how to adapt them to your firm. I feel like I have some good suggestions to put to the partners of my firm of new policies going forward."

Julia Hale Legal Cashier Luttons Dunford  19th Feb 2019

Our experienced trainers all work in practice and deal with the Accounts Rules on a daily basis, so can give in-depth knowledge and important guidance on the new rules to take back to your firms.

Who is it for?

This training will be valuable for all those looking for an introduction to the new rules and anyone working in legal finance, whether as cashier or senior management role.

What will you gain?

With the new rules expected in 2019, this course will compare the new rules to the current rules and explain the potential implications for law firms. The training will cover the key aspects of the new rules to consider and what the change from the current 52 rules to only 12 new rules means in reality.

What will it cover?

The new rules allow more flexibility but also require law firms to make their own judgements and decisions on protecting client money. The training therefore has an emphasis on the practical application of the rules and best practice to help law firms to be compliant.

The training will involve everyday scenarios, case studies, practical guidance and it will encourage discussions throughout the day between delegates.

What are the costs?

A full day training,  workbook & full lunch is included.  

Early Bird Savings of 10% (Book 6 weeks in advance)

  • ILFM Members £175.50
  • Non Members £265.50

Standard Price

  • ILFM Members £195.00
  • Non Members £295.00

Not a Member?   You can join to get the generous Membership savings. It's just £105+VAT per year More info or to join..

6 CPD points can be claimed

"Well worth attending for both refreshing and updating your knowledge of Solicitors Accounts Rules".

"An excellent way of learning new/refreshing current skills. A relaxed but very professional and positive production".