Ian Muirhead: Redefining the professional services market

Law is fast becoming more business than profession

clock • 3 min read

The Legal Services Board (LSB), the overarching legal regulator, has an agenda to sever any connection between regulators and representative bodies, with particular reference to the Law Society, writes Ian Muirhead.

Until the Legal Services Act was about to become a reality, the Law Society fulfilled both functions, but it succumbed to government pressure and hived off its regulatory arm into the Solicitors Regulation Authority (SRA). The SRA, however, is technically a subsidiary of the La\w Society, which is able to retain a proportion of solicitors' practising fees for its representative functions and, as a result of this mutually unsatisfactory relationship, the two organisations have been at loggerheads ever since - to the evident displeasure of the LSB. Currently, most of what solicitors do ...

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