The Solicitors Regulation Authority (SRA) has widened its definition of a ‘small firm’ by doubling the annual turnover limit from £200,000 to £400,000.
The limit of four on the number of ‘managers’ (partners, members or directors) is not changing.
The move increases the number of practices which can access the regulator’s ‘small firms’ services from 3,600 to 5,200 – more than half the total number of law firms.
Read the full Legal Futures article here
The limit of four on the number of ‘managers’ (partners, members or directors) is not changing.
The move increases the number of practices which can access the regulator’s ‘small firms’ services from 3,600 to 5,200 – more than half the total number of law firms.
Read the full Legal Futures article here
RSS Feed