Recent announcements by the SRA to randomly check 500 firm websites for compliance with the transparency rules may well cause panic among some law firms.
The new transparency rules came into effect in December requiring firms to publish pricing information for certain services which they provide, on their website. However, there are suspicions that a number of firms are either unaware of their obligations or are intentionally refusing to comply with the regulations.
These firms might want to rethink their position given the recent comments of the SRA Chief Executive which suggest that the SRA is not willing to turn a blind eye to those disregarding the rules. With risks of rebukes or fines, it would be prudent for law firms to comply.
CLT has a must-view webinar on this subject to help which is available at: https://www.clt.co.uk/webinar/Transparency-Rules-Update-Webinar-OnDemand/
Regulators will randomly check hundreds of law firm websites to check they are meeting new requirements for price transparency. Since December, firms have been subject to new regulations requiring them to publish details of their prices and service information if they work in certain areas of law. A survey earlier this week found considerable opposition from the profession, with a third of firms reporting they had opted against publication. The SRA stresses it does not wish to dictate what fees are charged, and that it appreciates the new rules require changes to websites. But the regulator has made it clear non-compliance is not an option. The regulator this week confirmed plans to ‘sweep’ around 500 law firm websites chosen at random for compliance, as part of regular checks. fine.