Law Society warns of 'clear risk' from restricted referrals

A recently-closed consultation by the SRA set out a number of options for rewording its handbook to recognise the Retail Distribution Review definitions, with the organisation recommending one which would allow for referrals to restricted advisers. However, the Law Society, which represents solicitors across England and Wales, has warned that the proposals would "present a clear risk to both the independence of the profession and the independence of advice available to clients". The SRA's preferred option would require solicitors and clients to be involved in deciding what type of adv...