The SRA has applied to the Legal Services Board for approval of changes to regulatory arrangements in respect of the SRA’s disciplinary and financial penalty processes, including provision for hearings which have been rare in the past, but may become more com-mon with the increase in fining powers (now £25,000 for recognised bodies).
The paper also refers to matters which are outside the scope of the application but contextually important – in any case involving sexual misconduct, discrimination or any form of harassment, a financial penalty will only be considered in exceptional circumstances, a 5 per cent cap for fines based on domestic turnover, and a pilot on personal impact statements in relation to sexual misconduct, discrimination and harassment cases.
We advise many firms and individuals facing investigation by the SRA and disciplinary proceedings.
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