News release

Review highlights SRA progress 2013/14

Our Annual Review for 2013/14, which is published today, sets out our progress against our strategic objectives for the past 12 months.

The review highlights the launch of our Regulatory Reform programme, aimed at reducing the burden of regulation while retaining client protections, the establishment of our Training for Tomorrow programme to enhance the education and training of future solicitors, and improvements to our operational approach and effectiveness.

Key achievements featured across these areas include:

  • A fresh approach to licensing multi-disciplinary practices as alternative business structures. Two firms—KPMG and Ernst Young—have since obtained licences.
  • Stopping the Keeping of the Roll exercise as an annual event
  • Launching a discussion document on developing our approach to regulating small firms
  • Consulting on a draft Competency Statement for solicitors
  • Undertaking a red tape review of education and training regulations to remove, curtail or simplify regulations
  • Managing our finances and our staff establishment within budget

Charles Plant, SRA Chair of the Board, said: "In another period of significant change we have achieved a great deal. Paul Philip's arrival as our Chief Executive in February provided us with an opportunity to take stock and reflect on our progress, approach and direction of travel, which resulted in us publishing our policy statement on regulatory reform in May.

"We have already made progress on the programme and implemented a number of changes, but there is still much more to do to improve our operational effectiveness and efficiency. I am confident that as I step down as Chair of the SRA Board, I am leaving the organisation in a healthy position to face the challenges of the future."

Our work for the next 12 months is laid out in the 2014/15 Business Plan, which was launched in November alongside the over-arching Corporate Strategy for 2014/17, and associated Equality, Diversity and Inclusion Strategy.

Read the Business Plan

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