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

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 | No Comments »

Regulators to take price transparency rules slowly as SRA outlines limited pilot

Legal regulators have responded cautiously to the Competition and Markets Authority’s recommendations on price transparency, pledging to pilot regulatory requirements and test their effects on the lawyers and firms they regulate. They promised to implement controversial measures to encourage lawyers to publish prices if possible.

June 30th, 2017 | No Comments »

Consumer panel warns against “information overload” in new transparency regime

The Legal Services Consumer Panel has warned of “information overload” as legal regulators struggle to come to terms with the demands of the Competition and Markets Authority for transparency on prices and complaints.

March 22nd, 2017 | No Comments »

Price index “will bring transparency” to legal fees

A lawyer-matching platform has answered the growing clamour for charging transparency with a price index based on its database of 15,000 quotes, broken down into detailed categories of commercial work. The move should give clients an idea of average fees at market rates.

July 28th, 2016 | No Comments »

Competiton and Markets Authority to investigate legal services

The Competition and Markets Authority (CMA) has announced a study of the legal services sector for consumers and small businesses so as to examine “long-standing concerns” about affordability and standards of service. The CMA said concerns had also been raised about the “complexity of the current regulatory framework”.

January 13th, 2016 | No Comments »

BSB sticks to its guns on limited ABS licensing

The Bar Standards Board has rejected suggestions that its application to become an alternative business structure licensing authority will unnecessarily restrict the extent of non-lawyer ownership and so have a detrimental effect on competition.

December 22nd, 2015 | No Comments »

Competition and Markets Authority mulls review of legal sector

The Competition and Markets Authority is considering whether to launch a review of the legal services market, it has emerged. It was a report in 2001 by its predecessor, the Office of Fair Trading, which began the process that led to the Legal Services Act 2007.

November 17th, 2014 | No Comments »