Susan Humble considers the SRA transparency rules and why firms should be proud of their prices
‘A lack of transparency results in distrust and a deep sense of insecurity’, said the Dalai Lama. Not a strong foundation for a fulfilling relationship between law firm and client. Why, then, was there opposition from within the profession when the Solicitors Regulation Authority (SRA) introduced the SRA Transparency Rules in 2018? ‘Buying legal services is not like buying baked beans’, ‘race to the bottom’ and ‘devaluing the profession’, were regular objections.
Heinz Beanz are not the cheapest beans on the shelf; Fortnum and Mason sold them in 1901 as a luxury. In the UK, 540m cans are consumed each year. Sneering at beans is not a good look!
The SRA Transparency Rul...