Re: Autumn 2015 | Page 6

the chief Message from I have talked before about how we are a regulated business, as indeed are all firms of solicitors and many other (though not all) lawyers. The way in which we are regulated changed in 2007, and currently we have an immediate regulator, the Solicitors Regulation Authority (SRA) and an overarching regulator, the Legal Services Board (LSB). The LSB also oversees regulators of others, such as the Bar Standards Board (BSB) for barristers. It’s all a bit of a complicated picture, and may well change in the next few years. The current Minister of Justice, Michael Gove, has recently talked about regulators of legal services “tripping over each other” so it’s pretty clear that he is not impressed with the way things are. One positive aspect of the changes introduced eight years ago was the creation of the Legal Services Consumer Panel (LSCS), which began its work in 4 earnest in late 2009. I say “positive” in the knowledge that some of its pronouncements have not made easy reading for lawyers of all descriptions, but sometimes progress can only be achieved when uncomfortable truths have been faced. The LSCS issues policy statements and research findings based on surveys that they arrange. Such findings capture, in a way that hasn’t been possible before, how and why consumers use legal services, what they expect from lawyers, and their experience of the process. The last LSCS Consumer Impact Report, published in 2014, contains some interesting research outcomes, which I have been reviewing recently. These are some of the key points; 1. C  hoice - 68% of consumers felt they had a great deal or fair amount of choice in choosing a legal services firm (up from 65% in 2011) 2. C  omparison - 24% of consumers talked to more than one firm i.e. shopped around before instructing one of them (19% in 2011) and 14% found it difficult to compare providers (down from 28% in 2011) 3. V  alue for Money - 67% of consumers that paid for legal work considered they received good or very good value for money (55% in 2011, 59% in 2012, 55% in 2013) 4. O  utcome - 82% of consumers were satisfied or very satisfied with the outcome of their matter in terms of quality of advice received, while 79% were satisfied with the service, both of which are largely unchanged from previous years.