Further cracks in The Law Society’s already strained relationship with the Solicitors Regulation Authority (SRA) have emerged this week as the representative body prepares to contest its regulatory arm’s attempt to increase its fining powers over law firms.
In a consultation which ends next month, the SRA has invited views on its proposal to increase the current level of fining powers over City and regional law firms to as much as £100,000. However, the Law Society has said it has ‘concerns over the functioning of the enforcement team within the SRA’.
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