The man charged with overhauling the UK’s legal services market has confirmed that the future of self-regulation is to come under tough scrutiny – warning the profession that he does not regard the job as a “popularity contest”.
Speaking publicly for the first time since his July appointment to lead the radical review, Prudential chairman David Clementi told journalists on Monday (20 October): “My stance is pro-competition in looking at regulatory issues. It would be surprising if I concluded that the status quo was perfect.”
