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Law Society raises concern over the LSB's Handbook decision
On 5 November 2018 the Legal Services Board (LSB) approved the Solicitors Regulation Authority’s (SRA) application for changes to its regulatory arrangements in respect of the ‘Looking to the future’ Handbook reform proposals.
The Law Society wrote a letter to the LSB raising concerns about the level of scrutiny applied over the SRA’s application.
We called on the LSB for more rigorous check and balance of rule change applications.
In particular, we urged the LSB to apply robust impact assessments and cost/benefit analysis when discharging its statutory duties and evaluating any future rule change applications put forward by regulators.
We remain concerned that the Handbook changes will increase consumer confusion and risk damage to the trusted solicitor brand.