City Solicitors Criticize SRA's Overregulation Amid Probe by UK's Top Regulator

City solicitors have expressed strong opposition to the Solicitors Regulation Authority's (SRA) perceived tendency to overregulate the legal sector. This criticism comes amid a broader context of scrutiny over regulatory practices, as a recent probe by the UK's top financial regulator revealed inadequate valuation practices in private markets. The calls for reassessment of the roles of key regulators in the U.K. legal sector have intensified, particularly following a change in leadership at these regulatory bodies. Legal professionals argue that the current regulatory environment may be stifling the industry rather than fostering its growth.