Legal Services Board

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

Lord Chancellor calls for greater innovation in legal market and hints at regulatory reform

David Lidington

There needs to be a “more diverse and innovative legal services market” in England and Wales that attracts new providers and offers new opportunities “for the current and future legal profession”, the Lord Chancellor has said. David Lidington also hinted that further regulatory reform was still on the agenda.

October 24th, 2017

Hale backs public funding for early legal advice while outlining concern over LSB reform plan

Baroness Hale

The new president of the Supreme Court yesterday joined what appears to be a growing clamour to reinstate public funding to provide early legal advice. Lady Hale also reiterated her concern about the possible downgrading of the objective in legal regulation to encourage an “independent, strong, diverse and effective legal profession”.

October 6th, 2017

LSB removes run-off obstacle to firms switching regulators

A blank file in a filing cabinet

The Legal Services Board has approved a rule change by the Solicitors Regulation Authority which will make it easier for law firms to switch regulators. In a move which is likely to see more firms leave the SRA than join it, the requirement that they must obtain six years of run-off cover before switching to another regulator will be removed.

October 5th, 2017

LSB gives thumbs up to regulators’ action plans for price and service transparency

Neil Buckley

The Legal Services Board has marked as “sufficient” action plans produced by legal regulators to introduce price transparency and release other information to the public to help with purchasing decisions. The verdict on the original action plans published at the end of June came in the wake of the regulators moving to the next stage of consulting on how they would implement transparency.

October 3rd, 2017

Legal Services Board told not to force lower disciplinary standard of proof “through the back door”

Law Society - Front1

The Legal Services Board has been warned against trying to force the introduction of the civil standard of proof in the Solicitors Disciplinary Tribunal without proper consultation. The Law Society said it was “inappropriate” for the board to use performance assessments of the regulators it oversees to require them to introduce a lower standard.

September 29th, 2017

March of accountants halted as Lidington rejects bid to handle tax litigation and advocacy

David Lidington

The Lord Chancellor, David Lidington, has unexpectedly rejected the Legal Services Board’s recommendation that chartered accountants should be able to handle litigation, advocacy and legal instruments in taxation work. It is the first time the Ministry of Justice has rejected a regulatory extension of this nature,

September 22nd, 2017