SRA Priorities for the Year Ahead 2021-22
Discover the SRA's key objectives for the upcoming year, focusing on setting and upholding high standards, supporting innovation, and anticipating industry changes. From tackling money laundering to promoting legal tech adoption, learn about initiatives, research, and educational efforts shaping the legal sector. Engage with the SRA's strategic vision for enhancing access to justice and fostering diversity and inclusion.
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Presentation Transcript
SRA priorities for the year ahead Tracy Vegro, Executive Director - Strategy and Innovation Chris Handford, Director of Regulatory Policy
Background We re seeking your views on our new Business Plan 2021-22 Corporate Strategy 2020-23 three core objectives: Setting and maintaining high standards for the profession and ourselves Actively supporting the adoption of legal tech and other innovation Anticipating and responding to change Access to justice and equality, diversity and inclusion throughout our work
Objective one Setting and maintaining high standards for the profession and ourselves Solicitors Qualifying Examination (SQE) from September 2021 Evaluate the Standards and Regulations and publish quality impact assessments Advocacy standards and continuing competence requirements
Objectiveone Setting and maintaining high standards for the profession and ourselves Tackle money laundering involving those we regulate Compliance and enforcement: independent Quality Assurance team Independent research into solicitor profile in enforcement processes and in professional assessments Developing our presence in Wales and use of Welsh
Objectivetwo Actively support the adoption of legal technology and other innovation Initiatives including Lawtech UK Sandbox and Agile Nation Forum Maintain and develop relationships with digital comparison tool providers Consider how legal tech can help public and diverse communities more easily access legal support Review and relaunch SRA Innovation Space
Objectivethree Anticipating and responding to change Research programme to refresh and expand our knowledge base Identify future challenges and opportunities facing legal sector and work collaboratively Extend public legal education work, develop Legal Choices website and better information for consumers Embed our new in-house horizon scanning and intelligence gathering function
Budget and practising certificate fee Law Society also consulting on its own Business Plan and budget Feedback from both consultations will be used to jointly set 2021-22 practising certificate fee level We expect SRA proportion of the fee will be consistent with previous years no more than 151 We anticipate that the Compensation Fund contribution for individuals will reduce from 50 to 40
Tell usyourviews You can respond to the consultation via our website: www.sra.org.uk/consultations Closing date: 25 June 2021
Tell usyourviews Questions?
