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?