Major law firms should take a major step towards regulating themselves, according to Lord Hunt of Wirral's report on the regulation of the profession. The report, published by the Law Society today (5 October), sees Hunt advocating a system of Authorised Internal Regulation (AIR), which would usher in substantial elements of self-regulation for firms able to demonstrate they have robust internal governance structures.
October 05, 2009 at 09:55 AM
1 minute read
The original version of this story was published on Legalweek
Major law firms should take a major step towards regulating themselves, according to Lord Hunt of Wirral’s report on the regulation of the profession.
The report, published by the Law Society today (5 October), sees Hunt advocating a system of Authorised Internal Regulation (AIR), which would usher in substantial elements of self-regulation for firms able to demonstrate they have robust internal governance structures.
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