14 November 2024
Legal sector consultancy Hook Tangaza undertook research for the SRA in May-June 2024 into consumer compensation arrangements in jurisdictions outside England and Wales, as well as those offered by other professions.
3 December 2015
The Financial Protection Committee's compensation fund review working party has completed its 18-month review of the compensation fund under terms of reference agreed by the committee following consultation with the representative Law Society.
5 June 2024
The primary object of the SRA Compensation Fund (the Fund) is to replace money
which a defaulting practitioner (primarily solicitors) or a defaulting practitioner’s
employee, manager or owner has misappropriated or otherwise failed to properly
account for.
1 December 2020
The primary object of the Compensation Fund (the Fund) is to replace money which a defaulting practitioner or a defaulting practitioner's employee or manager has misappropriated or otherwise failed to account for.
1 December 2023
This impact assessment sets out the potential impacts, both positive and negative, of the criteria for emergency payments and the prioritisation of how we will consider applications made to the fund.
1 August 2018
The primary object of the Compensation Fund (the Fund) is to replace money which a defaulting practitioner or a defaulting practitioner's employee or manager has misappropriated or otherwise failed to account for.
1 October 2019
The primary object of the Compensation Fund (the Fund) is to replace money which a defaulting practitioner or a defaulting practitioner's employee or manager has misappropriated or otherwise failed to account for.
2 December 2019
The primary object of the Compensation Fund (the Fund) is to replace money which a defaulting practitioner or a defaulting practitioner's employee or manager has misappropriated or otherwise failed to account for.
16 December 2022
The primary object of the Compensation Fund (the Fund) is to replace money which a defaulting practitioner or a defaulting practitioner's employee or manager has misappropriated or otherwise failed to account for.
20 July 2023
We intervene and close down about 40 solicitor firms a year to protect client interests. This report details trends from 2021 to 2022.
