LSA poses threat to watertight regulation

Under the provisions estate agents and surveyors would be able to join solicitors in an entity that provides conveyancing services, but while individual professionals would be controlled by their respective regulators the entity itself would be able to choose its own regulator. Speaking of the potential pitfalls of such an arrangement, Treverton-Jones said: “If I were making that choice I’d go for the one that was cheapest and had the laxest approach to regulation.”

The silk also said he thought that the greatest threat does not stem from the emergence of Tesco Law, but from existing businesses carrying out commoditised personal injury work at high volume and low cost.