“Too intimidating and too expensive” – new LSB chair’s verdict on the legal market
The legal market is “too intimidating, too uniform and, in many cases, too expensive”, the new chairman of the Legal Services Board (LSB) has warned.
Sir Michael Pitt also said he would to like to see lawyers’ rulebooks slimmed down, with the board itself possibly producing a template for the individual regulators to work from.
The comments came in a newly published paper he presented to his first meeting of the LSB in May. In it, Sir Michael made no apologies for having a “consumer obsession” – despite the LSB being criticised for this in the past by some of the regulators and the senior judiciary. Indeed, he said it was his starting point.