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".....The new SRA code will allow freelance solicitors to hold limited categories of money from clients in their own name, and the client must be told in advance where and how the money will be held.

The SRA response states: ‘We believe the potential benefits of increased flexibility for both freelance solicitors and their clients mean we should proceed with the proposal. It is artificial and disproportionate to force those solicitors who are genuinely working on their own into the same regulatory model as a firm that may employ hundreds of people. It increases costs for those individuals and these costs are likely to be passed on to clients.’ .."

The SRA really are starting to address insurance problems.

They are also really starting to show exactly how flexible but still protective of the consumer they can be.

Full marks to them here. ...

Scruff.