Understanding No Win No Fee Agreements and SRA Code of Conduct

1316 Words3 Pages

No Win No Fee - Conditional Fee Agreements.
This method of funding ensures there is limited financial risk for a client proceeding with a legal case. These agreements are most commonly used in personal injury claims.

2. There are 10 SRA Code of Conduct Principles, one being “Act in the best interest of each client.” As demonstrated by this example the Principles are requirements set for all legal service providers based on ethics and professionalism. They are mandatory and set out in the SRA Handbook. To comply with the Principles there are mandatory Outcomes. These state what firms ad individuals are are expected to do.
Outcomes are further supported by Indicative Behaviours (IBs). IBs are not mandatory but are examples of expected behaviour. …show more content…

The client care letter will briefly explain how and to whom to address any initial complaints. It would be best practice to enclose a copy of the firms’ complaint procedure within the letter, which provides more in-depth information in respect of the complaint handling procedure. It is not essential to enclose this document but it should be available if the client requests this at a later date.
The client care letter will also detail Evies’ right to raise any complaint with the Legal Ombudsman including their contact details and any timeframe(s) that may apply.
Providing all of the above details are also supported by the following IBs:
IB(1.3) ensuring that the client is told, in writing, the name and status of the person(s) dealing with the matter and the name and status of the person responsible for its overall …show more content…

After all a better service, equates to fewer complaints which in turn will mean improved reputation and higher profits.

5. Criminals will attempt to use solicitor’s firms and legal matters for money laundering or financial crime purposes. There are more areas of law that are at a higher risk of this than others. An example of a higher risk legal transaction is the purchase of a property due to the high sums of money involved. In these cases additional due diligence checks maybe required.
There are UK laws which are in place around this criminal activity and solicitor’s firms and other financial services are required to know these laws and abide by them, these include the Money Laundering Regulations 2007 and Proceeds of Crime Act 2002. As a result of these laws each firm must have had sight of valid identification (ID) and verification of address (VA) documents from each client at the outset of legal proceedings. Therefore to comply with these rules and regulations Ravi must have sight of both ID & VA from Evie prior to proceeding with the

Open Document