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Regulatory maze
Key points
- The Legal Services Act 2007 lists the activities for which a provider must be regulated.
- The Legal Services Board was created to oversee the regulatory bodies.
- A surprising number of legal services including will writing are not regulated although those that provide these might be regulated in their personal capacity.
- The government should review the case for extending redress to consumers who have used unauthorised providers.
Are your clients getting the best out of their lawyer? I ask this not to have a dig at lawyers – after all I am a solicitor – but to highlight consumers’ lack of awareness of the regulatory minefield that has existed since the Legal Services Act 2007. As tax professionals our work often overlaps with legal professionals and the chances are the ones you deal with are all regulated trained and insured. However many legal services are not regulated...
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