Southampton Solent Business School
The changing landscape of legal services regulation and likely career implications
17 November 2014
Victor OloweDirector, Winzest Consulting
Overview
Career Background - Then
2012 –
1990
Career Background - Now
Types of Regulated Lawyers
Legal Services Reform Timeline
Key drivers of change
Legal Services Act 2007
Regulatory Objectives
• Protecting and promoting the public interest
• Supporting the constitutional principle of the rule of law
• Improving access to justice
• Protecting and promoting the interests of consumers
• Promoting competition in the provision of services
• Encouraging an independent, strong, diverse and effective legal profession
• Increasing public understanding of the citizen’s legal rights and duties
• Promoting and maintaining adherence to the professional principles
Old Regulatory Model – Pre 2007
Dimensions of Regulation – Old Landscape (Pre 2007)
New Regulatory Model – Post 2007
Dimensions of Regulation – New Landscape (Post 2007)
Current Key Developments
Current Developments
Current Developments
Future legal services market – Key challenges & opportunities
Funding reforms
Greater Competition
Economic Conditions
Market Liberalisation
Career implications
Summary
•Are we making good or bad profit?
Relevant Websites
• Legal Services Board • Legal Education and Training Review• Legal Choices
Questions
•Are we making good or bad profit?
