Companies offering legal services under sweeping reforms this year could be hit by fines of up to £250m in the event of regulatory breaches, under recommendations from the Legal Services Board (LSB).
The proposals, published this week (1 March), come in light of a recently-closed consultation on the fines that could be levied on alternative business structures (ABS) – the regime to be introduced under the Legal Services Act to allow business other than traditional law firms to provide legal services.
