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SRA preparing rules on forcing law firms to publish prices

SRA preparing rules on forcing law firms to publish prices

Rules for firms on publishing price information could be unveiled as soon as this summer, the Solicitors Regulation Authority has confirmed.

The regulator says it will respond quickly to the request from the Competition and Markets Authority (CMA) for more transparency in the legal services market. The CMA said regulators and firms should do more to satisfy unmet demand for legal services.

The CMA, which published the findings of its year-long study into the market, has said it will revisit the sector in three years to see what progress has been made. Initial requirements may be to publish prices for three or four areas of work, including some family law work and will-writing.

Source: Law Gazette

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