Outcomes focused regulation was formally introduced on 6th October and firms must now operate according to the new principles. But what does it involve and what will be the implications for practitioners?
The move to outcomes focused regulation has been accompanied by the publication of a new definitive source of those rules and regulations by which solicitors, recognised bodies, alternative business structures and everyone else involved in a solicitors’ practice must abide. This is the Solicitors Handbook.
Looks at Chapter 1 of the SRA Code of Conduct and compares it with provisions in the 2007 Solicitors Code of Conduct