Legal Services Board

The Legal Services Board (LSB) is the oversight regulator of legal services in England and Wales. It was founded in 2010 as an independent body responsible for overseeing the regulation of lawyers in England and Wales. Sponsored by the Ministry of Justice, the LSB's costs are met entirely by a levy on the approved regulators of the legal profession, making it both politically and financially independent of Government. The Legal Services Act 2007 endowed the LSB with a statutory mandate to deliver eight regulatory objectives, including ensuring that regulation in the legal services sector is carried out in the public interest, and that the interests of the consumers of legal services are put at the heart of the legal system in England and Wales. The board became fully active on 1 January 2010 when the new regulatory regime was activated by statute. Additionally, the LSB is responsible for appointing the Legal Services Consumer Panel as well as the Office for Legal Complaints, the body overseeing the Legal Ombudsman scheme. As of now, there is no available information regarding the last investment and investors for this company. The Legal Services Board's role in ensuring the public interest and consumer protection within the legal services sector showcases its potential for contributing to the improvement and integrity of the legal profession in England and Wales.