LSB publishes new legal regulation vision14 September 2016
The Legal Services Board (LSB) has published its vision for the way legal services in England and Wales are regulated.
In its 46-page paper, LSB outlines options for the future regulatory framework of the legal sector in England and Wales. Click here for more details and to read the full paper.
Legal Services Board Chairman, Sir Michael Pitt, said: “We believe that further legislative reform would help address current challenges and make the step change needed to improve outcomes for consumers, citizens and practitioners.
“The existing arrangements are confusing and complex. We believe that a single regulator, covering the whole legal services sector and accountable to Parliament, would be best placed to deliver improvement, deregulate, save cost and act strategically.”
The LSB currently oversees nine approved regulators including The Institute of Trade Mark Attorneys, which in turn delegates responsibility for regulation to the Intellectual Property Regulation Board (IPReg).