Legal Services Board
LSB chair: regulators need to help push down cost of legal services
More needs to be done to reduce the cost of legal services to meet the needs of small businesses and people who are neither wealthy nor eligible for legal aid, the chairman of the Legal Services Board has said in his first public speech.
LSB: accountant will investigate PC fee spending
The Legal Services Board is to hire an external accountant to examine how the Law Society and other regulators spend money raised through compulsory practising certificate fees.
LSB supports fee-charging McKenzie Friends – with safeguards
The Legal Services Board said yesterday that it supports recognition of fee-charging McKenzie Friends as a “legitimate feature of the evolving legal services market”, but also called for safeguards.
LSB: more needs to be done to break hold of the ‘elite’ on legal profession
There needs to be “significantly more progress” to break the hold of Britain’s elite on the legal profession, the Legal Services Board has claimed. It followed a report published last week that found fewer senior judges went to comprehensive schools than any other group of top professionals.
LSB praised for scuppering indemnity cover cut
The Legal Services Board has been praised for extending the time limit for its decision on whether to approve plans to cut the minimum indemnity limit for law firms, which meant the Solicitors Regulation Authority was unable to implement it this year.
SRA abandons indemnity cover cut this year after LSB warning
The Legal Services Board (LSB) has extended the time it has given itself to decide on the proposed cut in the minimum indemnity cover limit for law firms from 10 October this year to 17 August 2015.
LSB extends time for indemnity decision
The Legal Services Board (LSB) has extended by up to two months the time it can take to decide whether to approve a cut in the minimum indemnity limit for law firms.
LSB paves way for CLC to expand beyond conveyancing
The statutory framework of the Council for Licensed Conveyancers (CLC) could be changed in a way that would potentially enable it to regulate all reserved legal activities, under plans outlined by the Legal Services Board (LSB).
LSB attacks Bar Council’s “extreme reluctance” to adapt to market conditions
The Legal Services Board (LSB) has said the Bar Council’s response to the Jeffrey review illustrated its “extreme reluctance” to “look forward and adapt to market conditions”.
“Too intimidating and too expensive” – new LSB chair’s verdict on the legal market
The legal market is “too intimidating, too uniform and, in many cases, too expensive”, the new chairman of the Legal Services Board has warned. Sir Michael Pitt said also he would like to see lawyers’ rulebooks slimmed down.
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As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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