News release

SRA welcomes CMA call for market reform to help public and small businesses

We have welcomed the Competition and Market Authority's (CMA) calls for reform of legal services to make the market more open and competitive.

The report sets out steps to make legal services more widely available, addresses anti-competitive restrictions on where solicitors can work, and emphasises transparency as fundamental to consumer choice. Our reform programme is targeting these areas and the report will give impetus to the planned changes.

Paul Philip, SRA Chief Executive, said "We welcome the final CMA report on its review of the legal market. I am pleased that the CMA has strongly endorsed our reform proposals, which will help to tackle unmet need and support members of the public and small businesses to access legal services.

"The report makes a good case for regulation that is independent of both representation and Government, echoing the SRA view that independent regulation is key for public confidence and will help increase public trust in the sector."

 

Note to editors

Further information on the CMA's study, which includes our submission, is available here:

Go to the CMA report

You can view our responses to the CMA here:

Go to our substantive response

Go to our response to the CMA's interim report

Our reform proposals include freeing up solicitors to work in the unauthorised legal market; developing a public register and sharing data with comparison websites; reducing regulation and cost for providers; removing barriers to growth and innovation in the sector and further review of the professional indemnity insurance minimum terms and conditions to save firms unnecessary costs.

Further information on our work to promote discussion on better information for consumers, as well as its proposals for reform, are available here:

Go to our discussion paper

Go to our reform programme