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Law Management Section

LSB gives green light to SRA regulatory changes

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The Legal Services Board (LSB) has confirmed it will rubber-stamp changes to allow multiple tiers of solicitors and reduce protections for the public. We believe these changes will put consumers at risk.

’The regulators have sacrificed the best interests of the public they exist to protect,’ Law Society president Christina Blacklaws said. ’They have ignored unprecedented levels of opposition from consumer bodies, legal experts and the extensive evidence of the risks of deregulation of this kind in this market.

’The door is now open for practitioners to cut their costs by slashing essential client protections that until today have provided cast-iron reassurance for clients. Flexibility for practitioners should never come at the expense of protection and clarity for consumers.’

 

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