LSB considers regulatory burdens on in-house lawyers
The Legal Services Board (LSB) has begun an eight week consultation on a set of principles, which if adopted will inform decisions it makes about the regulatory arrangements for in-house lawyers.
The principles are outlined in a draft statement of policy and have been identified by the LSB as being particularly relevant to the regulation of in-house lawyers.
Legal Services Board Chief Executive, Richard Moriarty said:
“The draft policy statement is, based on feedback we have received to date, and is aimed at reducing unnecessary regulatory restrictions on in-house lawyers.
All the legal regulators should take a hard look at their rule books to make sure that any restrictions on in-house lawyers can be clearly justified and do not unnecessarily impede their ability to improve their services, innovate, or grow their business.
This consultation represents an opportunity for anyone with an interest in this area to help shape the final policy statement and so we would welcome any feedback on the draft contained within the consultation.”
The draft statement of policy can be found on the LSB web site at http://bit.ly/1L5OsFM