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09 July 2020 / Jessica Clay , Lucy Williams
Issue: 7894 / Categories: Opinion , Profession , Regulatory
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Regulation beyond the echo chambers: who is listening?

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Jessica Clay & Lucy Williams, of Kingsley Napley, examine the potential for lasting legal services reform, in the light of Professor Mayson’s report

  • Legal services framework reform: exploring realistic and immediate options.
  • A ‘make-do’ situation: small steps towards change.

Now submitted to the Lord Chancellor, Professor Stephen Mayson’s report, ‘Reforming Legal Services: Regulation beyond the echo chambers’ is the culmination of a two-year independent review into the regulation of legal services in England and Wales. Mayson consulted almost 350 interested parties and sought insight from individuals on an Advisory Panel, including our colleague Iain Miller.

Mayson refers to the current regulatory framework as ‘incomplete’ and ‘limited’ and ‘not able in the near-term and beyond to meet the demands and expectations placed on it’, particularly with the emergence and rapid development of alternative providers and lawtech. Mayson sets out 46 long-term recommendations, which seek to create a ‘level playing field’ for legal services and enhance consumer protection, through ‘targeted and proportionate regulation’.

These recommendations

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NEWS
NLJ's latest Charities Appeals Supplement has been published in this week’s issue
The treasury has sought to reassure the legal profession over concerns about cost, bureaucracy and independence when the Financial Conduct Authority (FCA) takes over regulation of anti-money laundering compliance
One out of two barristers has come under pressure from clients to act unethically, according to the results of this year’s Barristers’ Working Lives survey
The Court of Appeal has held the Competition Appeal Tribunal (CAT) was wrong to set aside a Competition and Markets Authority (CMA) decision on unfair pricing of phenytoin, an epilepsy drug
A flagship employment law reform is due to come into effect on 1 July, extending unfair dismissal rights to employees after six months in their job instead of two years
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