header-logo header-logo

09 July 2020 / Chris Bones
Issue: 7894 / Categories: Features , Regulatory , Profession
printer mail-detail

Regulation matters: why it’s time to change

Professor Chris Bones of CILEx explains why the legal profession should not stand in the way of regulatory change
  • Reforming the legal services market: a job half done.
  • Compromises of the Legal Services Act 2007: straining at the seams.
  • Professor Stephen Mayson’s recent independent review of legal regulation: engaging constructively with these new and important proposals.

The job of reforming the legal services market is only half done. Thirteen years on from the Legal Services Act 2007, it has become abundantly clear that the compromise it represented is straining at the seams, and the current COVID-19 crisis has brought this into even sharper relief for both the public and the profession.

Among the regulatory objectives laid down by the Act are protecting and promoting the public interest and the interests of consumers, as well as improving access to justice. Can anyone really claim that a market where the most vulnerable and disadvantaged sections of the public are simply not able to access affordable and effective legal

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
back-to-top-scroll