Legal Services Board
The Solicitors Regulation Authority and Council for Licensed Conveyancers have been given a clean bill of health by the Legal Services Board in its latest assessment of regulators’ performance.
The case for wholesale reform of the way legal services are regulated is even stronger than it was four years ago when the Competition & Markets Authority last recommended it, the watchdog said today.
The LSB has sketched out a future where most households have a legal expenses insurance policy to access a wide range of legal services, and there are approved ‘simple legal products’ in the market.
The decision on whether to approve a 19% increase in the Legal Ombudsman’s budget is likely to be “finely balanced”, with the possibility of having to find an alternative to it lurking in the background.
There is “much to celebrate” from the first decade of the Legal Services Act but the basic legal needs of many citizens are still not being met, the Legal Services Board said today.
The Legal Ombudsman’s first ever in-year call for supplementary budget, seeking an extra £344,000, has gone to the Lord Chancellor for approval after being given the green light by the Legal Services Board.
The new way of qualifying as a solicitor, including passing a centralised, two-part examination, will go live from 1 September 2021 after the Legal Services Board approved the reforms.
The Institute of Chartered Accountants in England and Wales is considering a new push to regulate reserved legal activities, three years after its last attempt was knocked back.
The Solicitors Regulation Authority is applying for charitable status as part of becoming a distinct legal entity within the Law Society Group, it has emerged.
It was “fundamentally wrong” for Legal Services Board rules to force the Association of Chartered Certified Accountants to withdraw from legal services, another accountancy body has argued.
The Law Society and SRA need to do more to show that they take on board what solicitors have to say about the cost of practising, the Legal Services Board has warned.
The frontline regulators may be forced to fund the Legal Choices website if it is to reach its potential to become a “flagship consumer resource”, the Legal Services Board has hinted.
The LSB has issued a damning diagnosis of weaknesses in the structure of the market, including inadequate transparency by law firms and smaller regulators unable to cope with the change needed.
The Legal Services Board has launched its review of the quality of the Bar Standards Board’s decision-making – but is not going to look at the controversy around last month’s Bar exams.
The Ministry of Justice is considering whether to create a register of unregulated providers of legal services and give their clients access to redress if things go wrong, it emerged yesterday.
If 2020 taught us anything, it is that lawyers will not disappear any time soon. Still, paper will gradually disappear in favour of digital tools, investment in technology and better ways of working.
Over the Christmas break while relaxing, I decided it would be a perfect time to catch up on a few stories from the legal sector to see how the profession was coping.