CLC statement on LSB’s internal governance review into the Law Society

CLC statement on LSB’s internal governance review into the Law Society

Reacting to today’s publication by the Legal Services Board (LSB) of its investigation into the Law Society’s (TLS) oversight and monitoring arrangements for the Solicitors Regulation Authority (SRA), Dame Janet Paraskeva, Chair of the Council for Licensed Conveyancers (CLC) said:

“Given that its interim chair says that “[The Law Society’s] actions have impaired the effectiveness of the SRA, thereby undermining the public interest in effective regulation of legal services…”, the LSB was right to censure the Law Society because effective independence and the clear perception of it is essential if clients and the public are to have faith in the ability of a regulator to be robust in its approach.

“However, we and others believe that much more could be done to entrench the independence of regulation even within the existing regulatory framework. We hope that the LSB’s review of the Internal Governance Rules will secure effective independence across all regulation of legal services because as a truly independent regulator, we understand the strengths that gives us.”

The Council for Licensed Conveyancers

http://www.clc-uk.org/

A history of innovation in specialisation

The Council for Licensed Conveyancers was established in 1985 to foster competition and innovation in the conveyancing market. 30 years on we are still helping legal businesses thrive by finding new ways to meet changing customer expectation.

Our approach is to support firms to achieve compliance and to accommodate different ways of working where we can. Our experience as a specialist regulator of conveyancing and probate allows us to tailor our regulation to those areas of property law.

The Legal Services Board’s recent report on regulatory standards gave the CLC the highest overall rating of any frontline regulator and an independent report by IFF (a research company) found that three quarters of licensed conveyancers believe that regulation by the CLC provides value for money and supports innovation and growth in their business.


Contact: Stephen Ward

Tel: 0207 250 8465

Email: [email protected]

Address
Council for Licensed Conveyancers
CAN Mezzanine
49 – 51 East Road
London
N1 6AH

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