The Legal Services Board has confirmed that in future it will be difficult for the regulators it oversees to get approval for in house lawyer rules that exceed Section 15(4) of the Legal Services Act 2007.
What this means in practice is that the existing rules that limit what in house lawyers can do in relation to unregulated legal practice will in due course disappear as they are reviewed by each regulator. This will given much greater freedom to in house legal teams to provide legal advice to third parties. The question of when in house teams can provided reserved legal activities is a more complex and I have addressed that in the local authority context Here
The Legal Services Board (LSB) publishes today its statement of policy on regulatory arrangements for in-house lawyers (based on section 15(4) of the Legal Services Act 2007). The statement sets out clearly the principles the LSB will have regard to when making statutory decisions about regulatory arrangements that affect in-house lawyers' practice. These principles are intended to inform regulators’ work on rules for in-house lawyers and have, as a result, been influenced by feedback from them and other interested parties. The intention is that there should be as few restrictions as possible and only those necessary for the protection of consumers.