OFT stands firm on QC system

The Office of Fair Trading (OFT) has confirmed its belief that the QC system distorts competition and does not serve customers’ best interests.

The OFT issued the statement last Friday in response to the Lord Chancellor, Lord Falconer’s consultation on the future of the silk system and after the Bar Council launched its own consultation.

The OFT maintains its criticism of the system, questioning whether it is right for the Government to confer a title on barristers that enables them to increase their earning power and thus their competitive position.

The Bar Council’s retort is that silks are generally cheaper than City solicitors.