Law Society officials fear that City lawyers are planning to set up a breakaway regulator, it has emerged, with a letter from the society’s own pension fund going as far as raising the spectre of regulation by the Financial Services Authority (FSA).
The fears have been highlighted in a letter written by John Hayes, the chief trustee of the Law Society’s pension scheme, to the society’s chief executive, Janet Paraskeva, citing the current review of legal service regulation by Prudential chairman Sir David Clementi.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
