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Which regulator would you prefer, madam?

Stuart Bushell asks what CILEx brings to the table, considering the SRA's unpopularity within the profession

10 February 2015

On 5 January 2015,
the regulatory arm
of CILEx opened its doors to applications from
new and existing law firms
for authorisation as legal businesses.

This means that, for the first time in history, two important bridges have been crossed. First, chartered legal executives can set up their own law firms. Second, ILEX Professional Standards (IPS) is able to give firms of solicitors a straightforward choice as to who they want to be their regulator. So why does the LSB, which has approved these changes, think they are good ideas? And will it make any difference?

Historically, legal executives have mainly operated as employees of firms of solicitors. Since the Legal Serv...

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