The policy-making council of UK's Law Society on Thursday held a debate on a paper backing one of the proposed models put forward by Sir David Clementi for reforming the legal services sector.
In a consultation paper released last month, the Prudential chairman put forward two key reform models, both of which would see the Law Society losing its dual role as regulator and professional body.
The first suggestion made was for the creation of a Legal Services Authority responsible for training, regulation, and discipline, with the Law Society effectively becoming just a trade union for the legal profession.
The second, less radical proposal put forward in the consultation paper was for the creation of a Legal Services Board to sit as an umbrella regulator over the existing regulatory bodies, and it was this possibility which was debated by the Law Society yesterday.
The Legal Week news service, writing prior to the debate, suggested that the policy-making council was likely to request more information before agreeing to the recommendations put forward in the paper, which came out in favour of the latter of Clementi's proposals.
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