LSB: More reform needed to build on ‘positive’ Legal Services Act

News Article - 06/07/2016 : General, Legal Services Act, LSB, solicitors journal

Consumers need to be empowered so that their legal needs are met, says 'super regulator' chairman

The Legal Services Act 2007 has made a positive impact on the legal services market but more legislative reform is...

LSB not convinced by plan to force law firms to publish prices

News Article - 01/06/2016 : General, law firms, Legal Services Consumer Panel, LSB, pricing

The Legal Services Board (LSB) has said that “further discussion and evidence” is needed before it is prepared to back proposals to force law firms to publish average prices.

Responding to a ...

LSB to encourage comparison websites to enter the law and challenge regulators over practising fees

News Article - 21/01/2016 : comparison sites, General, legal futures, LSB

The Legal Services Board (LSB) is set to make encouraging comparison sites to enter the legal market one of its goals for the next year, along with telling regulators to be clearer about how they spend the profession’s money.

A...

SRA’s new consumer credit regulation receives LSB approval

News Article - 16/12/2015 : consumer credit, General, LSB, SRA

Streamlined approach will benefit firms and clients, says SRA director.

The Solicitors Regulation Authority's (SRA) new approach to consumer credit regulation has received its final approval from the Legal Services Board (LSB).

...

SRA stays on report over ABS licensing

News Article - 24/02/2015 : ABS, alternative business structure, legal risk, legal services board, LSB, risk and compliance, solicitors regulation authority, SRA, Risk & Compliance

The Solicitors Regulation Authority (SRA) is to remain on report over its performance in licensing alternative business structures (ABSs) until it outlines how it will stop making “disproportionate” requests for information from...

LSB to call on regulators to make law firms and chambers “accountable” over diversity

News Article - 20/02/2015 : Bar Standard Board, Diversity data, equality and diversity, legal compliance, legal futures, legal risk and compliance, legal services board, LSB, regulatory standards, solicitors regulation authority, Human Resources, Risk & Compliance

Regulators need to do more with the diversity data they now collect in order to drive improvements in recruitment and particularly progression and retention within the profession, the Legal Services Board (LSB) will shortly say.

But the...

“Too intimidating and too expensive” – new LSB chair’s verdict on the legal market

News Article - 24/07/2014 : Legal News, legal services board, LSB, UK law firms, Risk & Compliance

The legal market is “too intimidating, too uniform and, in many cases, too expensive”, the new chairman of the Legal Services Board (LSB) has warned.

Sir Michael Pitt also said he would to like to see lawyers’ rulebooks...

Attorney general “warned LSB about regulatory creep” but indicates no roll-back of Clementi

News Article - 23/01/2014 : BSB, Clementi, legal services board, LSB, QASA, Quality Assurance Scheme for Advocates, the Bar Standards Board, The Law Society, Risk & Compliance, Practice Management

The attorney general has warned about the “danger” of regulators micro-managing the legal profession, but also indicated that the government is unlikely to roll back the Clementi reforms that led to the creation of independent...

Diversity deadline looms for thousands of firms

News Article - 16/01/2014 : diversity, Diversity data, diversity monitoring, law firms, Legal News, legal services board, legal workforce, LSB, solicitors regulation authority, SRA, The Law Society, UK law firms, Human Resources, Risk & Compliance

More than 6,000 law firms have yet to submit their workforce diversity data to the Solicitors Regulation Authority (SRA), the regulator warned yesterday.

They now have less than three weeks until the...

MDPs “struggling” to make it through ABS licensing process

News Article - 06/11/2013 : ABS, alternative business structures, Finance, legal futures, LSB, solicitors regulation authority, SRA, Practice Management

The process of approving alternative business structures (ABSs) seems to be weighted against multi-disciplinary practices (MDPs) and business services firms, it has been claimed.

In its latest review of the Solicitors Regulation Authority...

McGowan: LSB treats us like naughty children

News Article - 04/11/2013 : bar council, General, legal services board, LSB, Maura McGowan QC

The Legal Services Board (LSB) has put obstacles in the way of lawyers trying to practise “well and honestly” rather than improving standards, the chairman of the Bar Council told barristers on Saturday.

Addressing the annual...

LSB gives green light to work on radical shake-up of financial protection arrangements

News Article - 25/10/2013 : Finance, financial protection arrangements, legal services board, licensed conveyancers and council of mortgage lenders, LSB, shake-up, Finance, Human Resources

The possibility of clients buying ‘top-up’ cover to fill the gaps in compulsory professional indemnity insurance (PII) has been floated by the Legal Services Board (LSB) as it set the scene for a significant shake-up of current...

Lack of diversity should raise flag about firms, LSB tells regulators

News Article - 18/10/2013 : diversity, General, law firms, LSB, report, The Legal Services Board, Risk & Compliance

Legal regulators should in future make workforce diversity one of the factors when they rate the risk that firms present to the public, and focus supervision on those with the worst records, according to a report.

The Legal Services Board...

Grayling: legal market needs to be more diverse and innovative

News Article - 15/10/2013 : Chris Grayling, david edmonds, General, Legal Service Board, LSB

The new chairman of the Legal Services Board (LSB) needs to help develop “a more diverse and innovative legal services market that attracts new providers”, justice secretary Chris Grayling has said.

The search for a new...

Edmonds to step down as chair of LSB

News Article - 11/10/2013 : bar council, david edmonds, law society, Legal Service Board, Legal Services Act, LSB, MOJ, solicitors journal, Risk & Compliance, Practice Management

New chair must ensure regulation is 'as light touch as possible'

David Edmonds, chair of the Legal Services Board, is stepping down and due to be replaced by 1 May 2014.

The MoJ said in its job description that they are...