The Legal Services Board (LSB) aims to reduce burdens on well-performing regulators and will pursue an intelligence-led, risk-based and targeted approach to oversight, its business plan for 2026–27, published this week, reveals
Its policy and research work will focus on risks including the mass claims market, artificial intelligence, and the rise of the unregulated sector. It has approved a 1.7% budget increase to £5.8m, which will add £1.79 to the practising fees paid by each authorised person.
Monisha Shah, who took over as LSB chair this month, said: ‘The legal services sector is evolving rapidly, and effective oversight has never been more important.’
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