City solicitors lambast SRA’s plans for new fining regime

Report from Legal Futures on the CLLS's response to the SRA's financial penalties paper, noting the warning that in places it is "not fit for purpose, and inconsistent with its legal obligations".

Quotes CLLS Chair Colin Passmore as saying: "The CLLS cannot agree with a policy which so many of our specialist lawyers consider is fundamentally flawed. We cannot see how the SRA can now continue to proceed with its proposed approach".