Firms believe outcomes-focused regulation (OFR) ‘costs too much money and takes too much time’ – but they are warming to it, the Solicitors Regulation Authority reports today.
A survey of 1,000 firms on the impact of the first year of OFR shows that half of respondents are ‘relatively favourable’ to the process, compared with 36% prior to its introduction in 2011. However a year in to the new regime, many firms say they are not clear what outcomes the SRA expects to be delivered for clients.
Solicitors Sevenoaks
