Historically, the largest law firms have had a patchy relationship with the profession’s regulators. Can the Solicitors Regulation Authority build bridges?
Martin Baker, head of risk and compliance at Taylor Wessing, is sitting in a boardroom in front of a mountain of documents. He has only just read through the first few pages of the Solicitors Regulation Authority’s (SRA) second consultation paper on its proposed new code of conduct. With a worried look on his face, he mentions that, in order to bring his firm’s current risk and compliance handbook up to date, he may as well start implementing the changes now before they come into force next October.