The Legal Service Board, the oversight regulatory of England and Wales, has published a new approach to regulatory performance. This new approach invites the frontline legal regulators to take the lead on demonstrating that they are well-led and have an effective approach to regulating in the public interest.
The new approach encourages regulators to continually improve their performance and strive to be well-led, effective, and efficient. It has also been designed to be flexible to allow for developments in the legal services market and policy environment.