New LSB chief: primary legislation needed to reduce regulatory complexity


Sir Michael Pitt

Sir Michael Pitt: regulation must move at “market pace”

Sir Michael Pitt, the new chairman of the Legal Services Board, has said that primary legislation will be needed to reduce the complexity of legal regulation and ensure it moves “at market pace”.

His first public statement since taking office a month ago lays down a marker to the government, which earlier this month ruled out major changes to the legislative structure of regulation for the time being.

Justice minister Shailesh Vara instead put on the onus on frontline regulators to reduce burdens on practitioners.

In the latest edition of the LSB’s quarterly newsletter, Sir Michael welcomed the government’s emphasis on “growth, simplification and deregulation”, themes which he described as central to the LSB’s work programme this year.

He said he was “heartened” in his early contacts with legal regulators to see them “embracing the necessary changes”.

Sir Michael added: “The LSB remains committed to making the maximum progress possible with our partners within the current fragmented and complex framework, but changes to primary legislation will eventually be needed to ensure a clear and consistent framework which moves at market pace.”

It is as yet unknown whether Sir Michael supports the LSB’s position that, in time, there should be a single regulator for the legal profession. David Edmonds, his predecessor, made no secret of his wish to see a single regulator, and Chris Kenny, chief executive of the LSB, predicted earlier this month that the move would happen in 10 years’ time.

Journalists will get their first chance to quiz Sir Michael about his initial thoughts on the legal landscape in around a month.

Tags:




Leave a Comment

By clicking Submit you consent to Legal Futures storing your personal data and confirm you have read our Privacy Policy and section 5 of our Terms & Conditions which deals with user-generated content. All comments will be moderated before posting.

Required fields are marked *
Email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Reports

Our latest special report, produced in association with Temple Legal Protection, looks at the role of after-the-event (ATE) insurance in commercial litigation post-LASPO. We are at a time when insurers, solicitors, clients and litigation funders work ever more closely to create funding packages that work for all of them, with conditional fee and even damages-based agreements now part of many law firms’ armoury.

Blog

10 December 2019

Is your website lost in the desert?

Having a website is like advertising on a billboard in the middle of the desert – it’s pretty useless unless people are driving past to see it. It’s exactly the same with cyberspace.

Read More

Loading animation