Law Society concerned over the LSB’s Handbook decision
The Law Society, in a letter to the Legal Services Board (LSB) dated 5th February, has raised concerns about the level of scrutiny applied to the Solicitors Regulation Authority’s (SRA) application on 5 November 2018 for changes to its regulatory arrangements in respect of the ‘Looking to the future’ Handbook reform proposals.
The Law Society have, they state in the letter, decided not to pursue a formal judicial review of the Decision, but instead have raised criticisms of the process and the rules and called on the LSB for more rigorous check and balance of rule change applications. In particular, they have urged the LSB to apply robust impact assessments and cost/benefit analysis when discharging its statutory duties and evaluating any future rule change applications put forward by regulators.
The law Society have, for some time, been concerned that the Handbook changes will increase consumer confusion and risk damage to the trusted solicitor brand. Both the Law Society and the Legal Services Consumer panel have raised concerns that it was not reasonable to expect consumers to understand the fine distinction between solicitors in regulated firms and those in unregulated entities.