LSB launches regulatory performance framework
The Legal Services Board (LSB) has published its proposed regulatory performance framework, which governs how frontline legal regulators are to be held accountable for their approach to regulating in the public interest.
Law Society of England and Wales President Lubna Shuja said: "We are pleased to see the LSB’s new regulatory performance framework has incorporated some of our suggested improvements.
“It is important there is a clear, transparent and accountable regulatory framework underpinning the delivery of legal services.
“The SRA must be accountable for its performance. We are concerned that the new performance framework reflects an emphasis on self-reporting and that the LSB appears to be taking a minimalist approach to regulatory performance monitoring.
“We will provide feedback to the LSB on how the framework may most effectively be used to assess regulatory performance in practice.”
Notes to editors
The new regulatory performance framework will take effect from 1 January 2023.
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