The Legal Services Board (LSB) has said it anticipates a significant call on resources in the next financial year
It attributed this to its consideration of CILEX’s delegation application which would bring CILEX lawyers under the regulatory ambit of the Solicitors Regulation Authority (SRA), and to its independent investigation into the events leading up to the SRA’s intervention into Axiom Ince.
The LSB launched a two-month consultation on its draft business plan and budget for 2024/25 this week. Both documents are available on the LSB website. Its proposed budget is £5.39m, almost 14% higher than last year.
Matthew Hill, LSB Chief Executive, said the super-regulator had made ‘good progress… but further work is needed.’
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