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By now, you will be on top of your diversity data collection for the Solicitors Regulation Authority, which legal practices must file by 31 January 2014.
A major concern for all practices is to comply with data protection principles and legislation when publishing diversity data. Those who fail to do so risk being fined by the Information Commissioner up to £500,000. Incidentally, plans have been proposed to impose fines of up to 2% of the worldwide gross revenue of a practice for all data protection breaches from 2015: now is a good time to make sure your frameworks are in place.
In our November newsletter (which members can sign up for) we included a Diversity Monitoring Data Collection Excel Spread sheet. This document can be used to anonymise and collate individual responses in an appropriate format for uploading to MySRA.
For a full list of the SRA's requirements, see its Diversity Publication Framework; further information on publishing data is available via the ICO's Code of Practice - Anonymisation: Managing Data Protection Risk.
Don't hesitate to contact your LBS Legal consultant if you require assistance with aggregating or publishing your diversity data. Similarly, contact us if you would like to talk about data protection training for your firm.
Client Relationship Manager
T: 0845 056 3949
M: 0743 727 4046
The Law Society has issued a practice note about the risks to solicitors posed by this new legislation, which came into force on 30 September.
The SRA has urged all practices to check HM Treasury’s consolidated list of asset freeze targets, which lists designated persons subject to financial sanction under EU or UK legislation.
The practising certificate renewal period opened on Monday 2 October.
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