Examples of use of LSB
1. A new, lay–dominated legal services board (LSB), costing 4 million to set up, will replace the current maze of regulators.
2. Last month Promethean approached LSB and said subject to due diligence, it might be prepared to make a 115p–a–share cash offer.
3. The Law Society, the professional body of solicitors, and the Bar Council, of barristers, will remain, provided that they satisfy the LSB.
4. The LSB would operate a licensing scheme for "alternative business structures" of lawyers and other professionals, who would be regulated in partnership with the appropriate watchdogs for other professions.
5. Kevin Martin, president of the society, said that the LSB could reinforce public confidence in the way lawyers are regulated, but that it would be better for regulatory powers to be vested directly in the frontline regulators such as the Law Society and the Bar Council.