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Regulator launches in-house review
Legal profession regulators in England are to shine a spotlight on in-house lawyers in a bid to get to grips with those working in the sector.
Regulatory spotlight falls on in-house
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The Solicitors Regulation Authority of England and Wales this week kicked off a review and consultation process of general counsel and in-house legal departments.
Nearly a fifth of those regulated by the SRA are thought to be working in-house, and the results of the review will be channelled towards delivering more detailed information about those 25,000 solicitors, according to the authority. The SRA said it will be particularly focussing on approaches to emerging risks and common issues.
Detailed insight
Tim Livesley, the SRA's head of research, commented: ‘This research will allow us to gain a more detailed insight into the types of work carried out by in-house lawyers. The section of the legal market is large, complex and diverse and effective and proportionate regulation needs to be informed by a stronger evidence base.’
The project – scheduled for completion by spring 2013 -- is being led by economic consultancy, Oxera, supported by Professor John Flood of the University of Westminster and market research agency Facts International.
