LSB regulatory framework

The Legal Service Board (LSB) has published a new approach to regulatory performance, which takes effect from 1 January 2023. It invites legal regulators to take the lead on demonstrating they are well-led and have an effective approach to regulating in the public interest. Dr Helen Phillips, LSB chair, said: “Assessing regulators’ performance and holding them to account is one of the LSB’s important functions. The new framework sets out our expectations more clearly than ever before while giving regulators greater freedom to decide how to provide assurance that they are meeting the standards”.