Monday, 5 October 2009

Lord Hunt's Review on the Regulation of Legal Services

(T shirt available here)

Monday 5 October 17:30 GMT: Lord Hunt of Wirral's review on the regulation of legal services is published. It can be downloaded here.

The review appears, according to Legal Week, to advocate greater self-regulation through "Authorised Internal Regulation" (AIR). This would initially apply to larger firms then extended to all firms. This should mean cheaper practising certificates.

The status of reserved areas could be extended to include claims handling, which would be one way of tackling the cowboys in this area.

In some ways the review harks back to earlier times of regulation. I wonder if that's realistic. Or if the time for this approach hasn't passed.

It should be an interesting debate.

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