In a report for last month’s board meeting, the LSB said there was “reasonable diversity” in the number of people entering the profession, but this was not transferred into “similar diversity at senior levels” of the sector.
The super-regulator said professional bodies and regulators had “come a long way” from their initial resistance to its involvement in the area, when the LSB started its work on diversity in 2009.
“A number of legal services regulators now have published equality strategies and are fully considering diversity in their analysis of the risks faced in their sectors.
“Also, activities to support diversity that were previously uncommon or largely undertaken by the more innovative of firms, are now increasingly becoming part of normal business practice for legal services providers.”
The LSB said that, given its “limited resources”, it would identify good practice, publish “clear success criteria”, and use this to “hold the regulators to account”.
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