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The chairman of the Legal Services Board has criticised the “continuing spats” between the Law Society and Solicitors Regulation Authority. David Edmonds also praised the improvements made by the SRA to the process for licensing alternative business structures.

New business structures are more productive and innovative than traditional law firms, Legal Services Board research has found. It also said that alternative business structures are “starting to have an impact” on some parts of the market and collectively have a 5% market share.

The Legal Services Board has urged the Law Society and Solicitors Regulation Authority to “actively look for savings opportunities” after the society’s budget increased by £11.5m for the next year. It also criticised a lack of consultation with fee payers over what they will have to pay.

There are signs of the Solicitors Regulation Authority relaxing its strict interpretation of a key rule which may be “dampening” innovation and new entrants to the market, according to the Legal Services Board.

The Legal Services Board’s initial probe into the independent regulation of barristers uncovered “a number of concerns about the Bar Council’s and the Bar Standards Board’s behaviour at both junior and senior executive as well as board level”, it has emerged.