Responding to the regulatory performance review published by the Legal Services Board (LSB) last week and this week’s comments of the Legal Services Consumer Panel chair, the Association of Costs Lawyers (ACL) chairman Iain Stark said: “We are concerned and disappointed by the findings of the Legal Services Board, which has led to the chair of the Legal Services Consumer Panel questioning the fitness of our regulatory body, the Costs Lawyer Standards Board (CLSB).
“We anticipate that the CLSB will respond constructively to the oversight regulator and work with the LSB both to comply with its requirements and ensure it is fit for purpose. Whilst independent regulation remains important, as the approved regulator we are conscious of our ultimate responsibility. For now, we will reserve judgement on what, if any, action we may need to take.”
Links:
LSB report:
https://www.legalservicesboard.org.uk/news_publications/LSB_news/PDF/2019/LSB_publishes_first_assessment_of_regulators_performance_under_new_framework.html – see bottom of page 8 to page 11
Blog by the chair of the Legal Services Consumer Panel: