Liverpool Law Society’s Regulatory Committee, chaired by Mickaela Fox, is looking for members’ views on the following SRA Consultation Papers:
- Client money in legal services – safeguarding consumers and providing redress: The model of solicitors holding client money
- Client money in legal services – safeguarding consumers and providing redress: Protecting the client money that solicitors hold
- Client money in legal services – safeguarding consumers and providing redress: Delivering and paying for a sustainable compensation fund
Gaynor Williams explains “They are all important consultations, however, the first one, the model of Solicitors holding client money, is particularly important and the Committee thought it would be helpful to get views, feedback and responses from a wide range of firms in different practice areas. The reason being that different sizes and practice specialisms will have different views, eg conveyancers will have a different view to civil litigators or small firms that don’t hold much money”.
The President has asked if you could share these consultations within your firms and feedback with any answers to the 15 questions to committees@liverpoollawsociety.org.uk before close of business 10 January 2025.
Once responses are in, Mickaela will then set up another regulatory meeting to discuss the feedback/outcomes with a view to submitting responses.
The link to all 3 responses can be found on the SRA website at https://www.sra.org.uk/sra/consultations/
Any views and comments you could give Liverpool Law Society’s Regulatory Committee would be gratefully received.