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Regulation matters: why it’s time to change

09 July 2020 / Chris Bones
Issue: 7894 / Categories: Features , Regulatory , Profession
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Professor Chris Bones of CILEx explains why the legal profession should not stand in the way of regulatory change
  • Reforming the legal services market: a job half done.
  • Compromises of the Legal Services Act 2007: straining at the seams.
  • Professor Stephen Mayson’s recent independent review of legal regulation: engaging constructively with these new and important proposals.

The job of reforming the legal services market is only half done. Thirteen years on from the Legal Services Act 2007, it has become abundantly clear that the compromise it represented is straining at the seams, and the current COVID-19 crisis has brought this into even sharper relief for both the public and the profession.

Among the regulatory objectives laid down by the Act are protecting and promoting the public interest and the interests of consumers, as well as improving access to justice. Can anyone really claim that a market where the most vulnerable and disadvantaged sections of the public are simply not able to access affordable and effective legal

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MOVERS & SHAKERS

Kingsley Napley—Claire Green

Kingsley Napley—Claire Green

Firm announces appointment of chief legal officer

Weightmans—Emma Eccles & Mark Woodall

Weightmans—Emma Eccles & Mark Woodall

Firm bolsters Manchester insurance practice with double partner appointment

Gilson Gray—Linda Pope

Gilson Gray—Linda Pope

Partner joins family law team inLondon

NEWS
The landmark Supreme Court’s decision in Johnson v FirstRand Bank Ltd—along with Rukhadze v Recovery Partners—redefine fiduciary duties in commercial fraud. Writing in NLJ this week, Mary Young of Kingsley Napley analyses the implications of the rulings
Barristers Ben Keith of 5 St Andrew’s Hill and Rhys Davies of Temple Garden Chambers use the arrest of Simon Leviev—the so-called Tinder Swindler—to explore the realities of Interpol red notices, in this week's NLJ
Mazur v Charles Russell Speechlys [2025] has upended assumptions about who may conduct litigation, warn Kevin Latham and Fraser Barnstaple of Kings Chambers in this week's NLJ. But is it as catastrophic as first feared?
Lord Sales has been appointed to become the Deputy President of the Supreme Court after Lord Hodge retires at the end of the year
Transferring anti-money laundering (AML) and counter-terrorism financing supervision to the Financial Conduct Authority (FCA) could create extra paperwork and increase costs for clients, lawyers have warned 
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