(This note is not part of the Order)
This Order amends section 44D of the Solicitors Act 1974 (c. 47) (“the 1974 Act”) and paragraph 14B of Schedule 2 to the Administration of Justice Act 1985 (c. 61) (“the 1985 Act”) to increase the maximum penalty that the Law Society may direct a person to pay from £2,000 to £25,000. Under section 44D of the 1974 Act, the Law Society may impose a penalty on a solicitor or an employee of a solicitor where that person has failed to comply with requirements or rules, or there has been professional misconduct by a solicitor. Under paragraph 14B of Schedule 2 to the 1985 Act, the Law Society may impose a penalty on a recognised body, or a manager or employee of a recognised body, or on a sole solicitor, or any employee in a recognised sole solicitor’s practice, where they have failed to comply with requirements or rules applicable to them.
An impact assessment has not been produced for this instrument as no impact or no significant impact on the private, voluntary or public sectors is foreseen.