The Legal Services Board, the oversight regulator, has launched a consultation on its draft business plan for 2016/17. Its three strategic outcomes for 2015-18 are:
- Breaking down regulatory barriers
- Tackling unmet legal need
- Performance, evaluation and oversight
In particular, under the first and last outcomes, it has identified cost of regulation and making sure regulation is undertaken independently from representative interests as key strands of work for 2016/17. Timely, given the coverage last week of the disagreement between the Solicitors Regulation Authority and the Law Society (see also http://www.legalfutures.co.uk/latest-news/temperature-rises-as-law-society-and-sra-row-over-regulators-independence).
This short article examines these and some of the other activities the LSB plans to undertake in 2016/17.
In his introduction to the draft business plan, LSB chairman Sir Michael Pitt wrote: “I was asked recently ‘what exactly does the Legal Services Board do?’ My answer was clear: the LSB acts as an agent for change, it drives regulators to modernise, deregulate and holds them to account. “As this draft plan explains, we intend to pursue rigorously a modern and efficient legal services sector: one that better meets the needs of consumers, citizens and practitioners.”