22 January 2015
New and existing law firms can now apply to ILEX Professional Standards (IPS) for authorisation as a legal business. Nearly 50 prospective businesses to be run by CILEx members have expressed interest, as well as several enquiries from existing regulated legal firms as to whether they can switch to IPS as a regulator, including from multi-partner firms. This is the first time law firms across the full range of legal services can choose their regulator, and the first time chartered legal executives can establish their own regulated businesses.
