BSB gets LSB recommended approval to regulate ABSs

BSB welcomes LSB’s recommendation to the Lord Chancellor to enable it to regulate ABSs

19 May 2016

The Legal Services Board (LSB) has recommended to the Lord Chancellor that the Bar Standards Board (BSB) be permitted to regulate Alternative Business Structures (ABSs), by designating the Bar Council as a licensing authority.

BSB Director of Regulatory Policy Ewen MacLeod said: “We welcome today’s announcement. We want to permit innovation in the legal services market, which we hope will increase choice and provide other lasting benefits for consumers.