요약
The Legal Services Act 2007 reformed regulation of legal services in England and Wales. It created the Legal Services Board as oversight regulator, allowed Alternative Business Structures (ABS) enabling non-lawyers to own law firms, and defined reserved legal activities.
핵심 포인트
- Legal Services Board (LSB) established as oversight regulator
- Regulatory objectives including protecting consumers and promoting competition
- Reserved legal activities: exercise of rights of audience, conduct of litigation, reserved instrument activities, probate, notarial, and oath administration
- Alternative Business Structures (ABS) — non-lawyers can own and invest in law firms
- Office for Legal Complaints — established the Legal Ombudsman
- Approved regulators — SRA, BSB, CILEx Regulation, etc. regulated by LSB