SRA focus on escrow services | SRA lawyer

Posted on June 11, 2015 by Jeremy Barnett

The SRA seem to have concentrated on various ‘hot topic’s over the last few years, including Miners Compensation, overcharging in PI cases,  failure to pay ARP [Assigned Risk Pool] premiums and Litigation Funding [Axiom].  The current focus seems to be on the use of Escrow Services by firms of solicitors, when these have been used in various financial services promotions. √جª¬ø

Solicitors often find that they are aslo subject to regulation by other regulators such as the FCA in these circumstances.

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