Legal services board
Sponsored Links
This presentation is the property of its rightful owner.
1 / 30

Legal Services Board PowerPoint PPT Presentation

  • Uploaded on
  • Presentation posted in: General

Legal Services Board. Robert Cross. Legal services in England and Wales. Headline numbers. £ 26.8BN $41.7BN. 320,000 WORKERS. 165,000 LAWYERS. 11,500 FIRMS. 190 ABS. Why?. Legal services reform. Office of Fair Trading – Competition in Professions 2001

Download Presentation

Legal Services Board

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript

Legal Services Board

  • Robert Cross

Legal services in England and Wales

  • Headline numbers






190 ABS


Legal services reform

Office of Fair Trading – Competition in Professions 2001

Clementi Review 2004 - Regulation outdated, inflexible, over complex, lacking accountability and transparency –

No independence in complaint handling

Lack of innovation


Falling public trust in professions

Economic pressures

Unmet need


Good article:

Unmet need?

Legal Services Act 2007

  • Regulation in numbers

Approved Regulators

LSB Board members

Regulatory Objectives

Independent Regulators

Reserved Legal Activities

Better regulation principles

Elements of legal services regulation

LSB Priorities

Licensing authorities

Oversight regulator

Current regulation of legal services

Ministry of Justice

Office of Fair Trading

European law

Legal Services Board

Consumer Law

Case law

Trading standards

Master of the Faculties


Consumer Bodies

Competition Law

Approved Regulators



Empowered consumers e.g. Large corporate

Professional bodies/trade associations




Custom & Practice


Other regulators e.g. FSA, ACCA etc.

The LSB the story so far....

  • The first three years....

    • Liberalising ownership through alternative business structures

    • Establishing an independent Legal Ombudsman

    • Separation of regulation within professional bodies

  • The current priorities....

    • Improving and assuring performance of legal regulators

    • Simplification of regulation to support growth

    • Better consumer protection where needed

Alternative Business Structures

  • The first twenty months or so

New entrants and new capital

New innovation in existing regulatory model

Innovation outside regulation

Challenges and opportunities

  • Opportunities

    • Significant unmet legal need

      • Only 49% of individuals seek advice and only 18% from a solicitor

      • Only 29% of small businesses seek advice and only 12% from a solicitor

  • Transparency of costs and their ability to judge value for money was the reason for the reluctance to seek advice

  • Challenges

    • Competition - from outside as well as inside regulation

    • Economic difficulties – making new and old models work

    • Political changes - Legal Aid and personal injury

    • Consumer demands

  • Conclusions

    • LSB is a small, ambitious organisation with potentially a short lifespan

    • The Legal Services Act 2007 has led to a significant drive to reform the legal services market in England and Wales

    • Significant reforms have already been introduced – independent regulation and Alternative Business Structures

    • The next phase of work is challenging but could significantly improve the market for legal firms and consumers

    Thank you and questions


  • Login