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P215 CEEFAX 2 215 Sat 18 Dec 16:57/12    W"£££"£££"£££  Lawyer regulation 'needs change' The legal profession should not be responsible for investigating complaints against lawyers, an independent inquiry has said. The review called for an independent body to handle complaints, and said a new regulator should be set up to oversee the Law Society and Bar Council These two bodies could keep their own regulatory functions if they could prove competence to the new regulator. The inquiry aluo said non-law fhrms should be able to own legal practices. 1/3 Headlines 200 Shaw's Shares 203 Savings 250 Front page 202 Nixt News Weather TaxIndex Main Menu
P215 CEEFAX 2 215 Sat 18 Dec 16:55/23Wj£3kj£3kj£3k Wj $kj $kj 'k    Lawyer regulation 'needs change' The inquiry was headed by former deputy governor of the BanR of England, Sir David Clementi. He recommended the establishment of a new regulator, the Legal Services Board This would oversee a new Office for Legal Complaints, which the inquiry said would cost around £23m a year to run - roughly £6m less than currently. Sir David said: "I believe there is a strong case for independent handling of complaints against lawyers. 2/3 Headlines 200 Shaw's Shares 203 Savings 250 Front page 202 Next News Weather TaxIndex Main Menu
P215 CEEFAX 2 215 Sat 18 Dec 16:52/49Wj£3kj£3kj£3k   W"£££"£££"£££  Lawyer regulation 'needs change' The review into regulation of the legal profession was ordered by the Lord Chancellor, Lord Falconer. He said the current set-up was "outdated, inflexible, over-complex and insufficiently accountable". Under the review's proposals, so-called "ambulance-chasing " claims firms - who have been accused of making huge profits through hidden costs - would not be brought under thj new regulator. Sir David said it was for ministers to decide how to regulate such companies. 3/3 Headlines 200 Shaw's Shares 203 Savings 250 Front page 202 Next News Weather TaxIndex Main Menu