The regulator's fining powers increased to £25,000 in July 2022 but some say it is 'not properly equipped with the powers necessary to deter law firms against abusive practices'.
January 26, 2023 at 10:53 AM
3 minute read
Reporter
The Solicitors Regulation Authority (SRA) should have the power to fine law firms engaged in SLAPPs (strategic litigation against public participation) up to £250 million, according to a House of Lords committee.
The U.K. industry regulator’s current financial penalty limit for individual solicitors and their firms increased from £2,000 to £25,000 in July 2022.
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