BSB completes the regulator ‘health-check’
29 May, 2013
The Bar Standards Board has completed its first performance review by supra regulator, the Legal Services Board (LSB). The review’s findings are detailed in the LSB report Developing Regulatory Standards: an assessment of the Bar Standards Board.
The report assesses whether the BSB is meeting its statutory requirements as laid down in the LSB’s regulatory standards framework, while also protecting the public interest. It also checks that the regulator has the capacity and capability to modernise its approach to regulation. The LSB endorsed the BSB’s self-assessment in every category.
Bar Standards Board Chair, Baroness Ruth Dench (pictured) said: “We have been very frank with the LSB about the challenges we face and I am pleased their report welcomes our honest and constructive approach.
“The legal services landscape is evolving rapidly and we aim to ensure barristers can work more flexibly to take advantage of a liberalised market and bring benefits to their clients.
“Our recently published strategic plan sets out how we will make progress towards becoming a more modern and efficient regulator.”
The Bar Standards Board’s five strategic aims for 2013-16 are to:
- implement new specialist regulatory frameworks for advocacy services;
- promote greater understanding of the BSB’s work;
- maintain high standards of entry to and practice within the profession;
- take a more risk and evidence-based approach;
- strive for ‘best practice’ at all times.