Opportunities for ILEX under the LSA
For ILEX, the Legal Services Act 2007 opens up
opportunities to enhance its role as a regulator of legal services
and to progress in due course to be a licensing body for ABS.
However, it must first become an Approved Regulator for
members practising independently as litigators, probate
practitioners and advocates. It will need to consider whether
it should seek rights in relation to conveyancing. More
information can be found here
about the applications for new rights ILEX has already made.
These need to be approved by the Legal Services Board and that
process is in train. IPS and ILEX have established a working
group to look at how ILEX can move towards becoming a regulator of
ABS. Meanwhile ILEX is supporting those Fellows who are able
to take the opportunity to become partners or owners in solicitors'
firms.