The SRA Standards and Regulations 2019 (StaRs) came into force on 25 November 2019, comprising a set of Principles, a Code of Conduct for Solicitors and a Code of Conduct for Firms, replacing the previous framework contained in the SRA Code of Conduct 2011.
Practice note, SRA Standards and Regulations 2019: issues for practitioners outlines the structure of the SRA Principles and Codes of Conduct 2019 and how they differ from the previous 2011 Code and details the content of both 2019 Codes.
The note includes some practical risk management tips, such as:
- Ensuring that your firm has a good method of recording undertakings that are visible to others. If a sum of money is to be held on an undertaking, consider separating that money by holding it on a separate matter file so that the chances of the monies being applied contrary to the undertaking given are reduced.
- Potentially adding into your terms of business or engagement letters the obligations you have to the court. Consider including a provision that where you are being instructed to take a course of conduct which would mislead, you may need to refuse to act or cease acting altogether.