LSB reviews independence of law watchdogs
The Legal Services Board (LSB) has launched a review of regulatory independence in the profession as the oversight body moves to flesh out the framework governing the business of law. The LSB today (25 March) launched a consultation on the separation of regulatory and representative functions at eight approved regulators designated under the Legal Services Act (LSA), including the Law Society and Bar Council.The consultation paper addresses the internal governance of the approved regulators and the control of practising certificate fees.The review is aimed at ensuring that regulatory and representative functions are fully separate on an operational level, a policy required under the Legal Services Act.
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