Posts Tagged ‘reform of regulation’
Legal services regulation: the Mayson report
This is an important report on the need to rethink the approach to the regulation of legal services and those who provide them. The author Stephen Mayson has summarised his report on his blog. I reproduce what he wrote here, with his permission.
After two years, my final report of the Independent Review of Legal Services Regulation haas been published. It is available for download from this site and from UCL.
In 2016, the Competition & Markets Authority completed its market study and concluded that the legal services sector is not working well for individual consumers and small businesses, and that the current regulatory framework under the Legal Services Act 2007 is not sustainable in the long run. One of its recommendations was that the government should undertake a review of the current regulatory framework.
In light of Brexit, the Ministry understandably did not feel able at the time to commit to a formal review. In July 2018, I therefore volunteered to undertake the Independent Review on a pro bono basis under the auspices of the Centre for Ethics & Law, in the Faculty of Laws at University College London.
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