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Solicitors warned to expect extension of price transparency rules | Law Society Gazette

The Solicitors Regulation Authority may increase the scope of price transparency rules if firms are thought to be undermining their spirit.

That was the prediction today of Iain Miller, regulatory partner at London firm Kingsley Napley, who said there had been limited responses from firms to new requirements which came into force in December.

Miller said most firms have complied with their obligations, but they have done little more than the bare minimum. Such reluctance to embrace the drivers behind the rule change could persuade regulators to intervene once again.

‘It is fair to say it has almost restored my faith in the legal profession in its ability to comply but not comply at the same time,’ Miller told the Law Society’s annual risk and compliance conference in London. ‘[Prices] are there and as far as I’m concerned they are prominent but it is not really going with the spirit of somehow changing the way we operate.

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Solicitors warned to expect extension of price transparency rules | News | Law Society Gazette.

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