In his first interview since taking over from Chris Kenny in February, Richard Moriarty also told Legal Futures that though the LSB was told last year by then Lord Chancellor Chris Grayling to work towards its own abolition, “I don’t think we are close to that point yet”.
Under the chairmanship of David Edmonds – whose term ended just over a year ago – the LSB was pushing the idea of a single regulator, and it remains one of the options under consideration by the frontline regulators as part of work on ways to reform the regulatory regime being co-ordinated by the LSB and run for it by Professor Stephen Mayson.
Mr Moriarty said: “To anyone coming fresh to this they probably look at the sector and think you have got a high number of legal services regulators – is that optimal? And I know that there has been long debates about whether there should be consolidation of regulations of a single regulator.
“I actually think the answer is ‘not necessarily’… The public doesn’t care about whether there is one, two or 11 regulators. They want regulation done well and the profession wants it done in a value for money and a proportionate way. The actual architecture behind it I think people are less focused on. It is more of a question for the regulatory village.
Read the full Legal Futures article here