Legal Services Board

Cry freedom: SRA wants to become separate legal entity from Law Society

Law Society - Front2

Legal regulators have urged the Legal Services Board to use its review of the internal governance rules to give them greater independence from their representative bodies. The Solicitors Regulation Authority said the rewrite of the rules should allow it to become a “separate legal entity” from the Law Society.

February 16th, 2018

Small businesses shy away from “pricey” solicitors when facing legal problems, major survey find

Helen Phillips - Chair of Chesterfeidl Royal Hospital NHS Foundation Trust

Only 11% of small businesses consider solicitors to be good value for money, and most choose not to use them when faced by a legal problem, seeing them as a last resort, according to major new research. It also found that the annual cost of small businesses’ legal problems to the UK economy to be roughly £40bn.

February 15th, 2018

Consumer panel chair jumps ship to Legal Ombudsman after just a year in post

Dr Jane Martin

The Legal Services Consumer Panel is on the hunt for a new chair after the incumbent jumped ship after just a year to become a member of the Office for Legal Complaints, the body that oversees the Legal Ombudsman. Meanwhile, the Law Society has named the members of its new main board, a key part of its new governance structure.

February 13th, 2018

More accountants target legal work after ACCA is approved to regulate probate

antony townsend

The Association of Chartered Certified Accountants was yesterday given the green light to regulate its members in handling probate work. Approving the regulatory scheme it is putting in place, the Legal Services Board said ACCA members would make a “positive contribution” to the legal market.

January 19th, 2018

Second accountancy body seeks right to allow members to do probate work

ACCA logo

The Association of Chartered Certified Accountants (ACCA) is set to become the second accountancy body that enables its members – 90,000 of them in the UK – to provide probate services. If approved by the Legal Services Board, it will follow the lead of the Institute of Chartered Accountants in England and Wales.

January 18th, 2018

MoJ formally rules out review of legal regulation and complete independence for regulators

Lord Keen

The current framework of legal regulation is “inconsistent”, the Ministry of Justice accepted today, but said it could not commit to the formal review sought by the Competition and Markets Authority and others. It also said it would not take forward the plan to completely separate legal regulators from representative bodies.

December 19th, 2017

LSB to investigate regulatory risks of AI as it promises to act as “agent of change” in legal market

Helen Phillips - Chair of Chesterfeidl Royal Hospital NHS Foundation Trust

The Legal Services Board is to launch a project to investigate the regulatory implications of the latest technology, including artificial intelligence. It has also promised to be “an agent of change” for the legal services sector, encourage innovation by identifying measures to remove barriers to entry to the legal market and also stimulate competition.

December 6th, 2017

LSB rejects call to harmonise indemnity insurance and compensation rules

A blank file in a filing cabinet

The Legal Services Board has rejected a call from its consumer panel to consider a centralised regime of financial protection for clients to replace what the panel called the “fragmented” nature of insurance and compensation arrangements across the different legal regulators.

December 1st, 2017

Fees fall for conveyancing and powers of attorney but rise for family work, LSB report finds

Neil Buckley

Fees for conveyancing and lasting powers of attorney have fallen over the past two years, while they have risen for family work, a report by the Legal Services Board has found. It also revealed that only 18% of law firms publish prices for any of their work in these areas on their websites.

November 15th, 2017

LSB reveals “stream of disagreements” as it begins review of regulatory independence rules

Neil Buckley

A “steady stream of disagreements” between legal regulators and representative bodies means the rules governing their relationships may need to be rewritten, the Legal Services Board said yesterday. The oversight regulator said it had been notified of 30 disputes over the past three years.

November 10th, 2017