Nor for profit advice services and charging for services - new Legal Services Board guidance

Following a consultation by the Legal Services Board (LSB) in 2012, on the ability of not for profit advice services to employ solicitors and to charge for their services, the LSB has now announced that:

• the Solicitors Regulation Authority (SRA) should remove the current ban on charging by not for profit bodies; and
• the current transitional protections (allowing not for profit bodies to carry out reserved legal activities outside the scope of regulation) will not end until at least 2015 as there is not yet an appropriate regulator for the sector.

For the LSB press release, see LSB responds to consultation by revising plans for regulation of special bodies

With thanks to ASA consultancy and training for highlighting the response.