For many, news that the Law Society is embarking on yet another campaign to cut costs – this time by overhauling its pay and pensions system – will come as no surprise. After all, the body’s employees have enjoyed average pay-rises of more than 6% in a system that chief executive Des Hudson described as both “unaffordable” and “unfair”.

But how apt that the news broke in the same week as the body’s regulatory arm unveiled research showing the public thinks it is a poor regulator. The survey found that consumers do not think solicitors are properly regulated and are unsure where to turn when things go wrong.