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It is highly unlikely that the Solicitors Regulation Authority will be able to license alternative business structures on 6 October, Legal Futures can reveal. Legal Services Board chief executive Chris Kenny has admitted to us that getting the required orders through Parliament in time is looking “not impossible but very difficult”.

The Legal Services Board yesterday approved the Council for Licensed Conveyancers’ application to become the first licensing authority for alternative business structures, despite the opposition of the Lord Chief Justice.

The Lord Chief Justice has spoken out against licensed conveyancers being granted rights to conduct litigation and advocacy. Lord Judge said they are areas of work which lie outside the proper sphere of activity of a licensed conveyancer and he could see no strong public interest in giving them those rights.

The Council for Licensed Conveyancers (CLC) is on course to become the first body licensed to regulate alternative business structures, after submitting its application to the Legal Services Board. The CLC, which oversees 10-15% of the conveyancing market, has also applied to extend the range of reserved activities it regulates from conveyancing and probate to awarding rights of audience and the right to conduct litigation.

Solicitors are set to shoulder the vast majority of the Legal Services Board (LSB) and Legal Ombudsman’s (LeO) £25m annual running costs for the next three years at least, it emerged today. The LSB confirmed that it would proceed with its plan to levy its own £5m costs on the basis of the number of authorised persons overseen by each approved regulator, and most of LeO’s £20m costs based on the number of complaints generated by each group.