Blog

“Uberisation” of the Legal Market by SRA

You may have seen my request on Hexagon Legal Networking’s Hive forum for your feedback on the new Consultation Papers? https://www.hexagonlegal.com/forum/the-robing-room/consultation-papers-your-views-needed If you are in any doubt about whether it might be important to have your say on the proposed changes by the SRA, you may find this Gazette article of some interest!

“The regulator proposes to make it easier for solicitors to provide reserved legal services on a freelance basis to the public. They would not be required to register as a sole practitioner or be employed by an authorised firm…”

https://www.lawgazette.co.uk/story.aspx?storycode=5062966

Hexagon Legal Network

An exciting new networking and support group for sole practitioners and small firms is about to launch! Solicitors, barristers and those involved in supporting the legal profession are invited to join!

Myself and five fellow solicitors have set up Hexagon Legal Network Limited. The launch will take place on 23 August 2017 from 5.00 pm and held at Lexis Nexis, Lexis House, 30 Farringdon Street, London, EC4A 4HH

You can book tickets via our shiny new website at www.hexagonlegal.com

I look forward to seeing you there!

Report to SRA due by 30th June

Have you submitted your report yet? Each firm needs to confirm what (if any) regulated financial services it provides by 30th June 2017. http://www.sra.org.uk/financial/

Helpful guidance is available at http://www.sra.org.uk/financial/#Collection_2 Regulated activities include:

  • dealing in, arranging, advising on, assisting in the administration of, and making arrangements with a view to carry out, contracts of insurance
  • consumer credit activities
  • setting up stakeholder pension schemes
  • investments: advising, dealing in or managing, arranging deals, safeguarding and administering
  • setting up collective investment schemes
  • home finance – mortgages: arranging, advising on, entering into and administering
  • providing basic advice on stakeholder products
  • Lloyd’s market activities
  • operating a multilateral trading facility
  • sending dematerialised instructions (electronic transfer of title in investments like securities and contractually based investments)
  • entering funeral plan contracts
  • issuing e-money
  • agreeing to do most of the above activities.