Last week a small amendment was made to the Deregulation Bill which may kick off a revolution in legal services regulation. Until now, any individual who wanted to be regulated by one of the approved regulators had to join one of the established legal professions. Now the Council of Licensed Conveyancers (CLC) can regulate persons to carry out probate services without them becoming licensed conveyancers. How long will it be before other approved regulators follow suit. The SRA could regulate individuals who are not solicitors. This would loosen the historically strong ties between the legal professions and their regulator. That would not only change the regulatory landscape but also the political landscape.
The House of Lords has given the Council for Licensed Conveyancers (CLC) the power to issue standalone licences for people to conduct reserved probate work without them having to become licensed conveyancers first.