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UK: CMA considers legal services market probe

By  |  November 17, 2014

The UK’s Competition and Markets Authority recently announced an in-depth investigation into the banking services industry, but the watchdog shows no signs of slowing down now.

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    According to reports, the CMA is considering launching another investigation, this time into the legal services market.

    The Legal Services Board released documents last week revealing meetings with CMA officials; the LSB said it was “clear that they [the CMA] are considering whether the legal services market should be a priority for their work in 2015.”

    The Office of Fair Trade, which was replaced by the CMA earlier this year, released a report on the industry in 2001 that found issues of competition in the market and lead to legal reform. Now, reports say the CMA is considering a revisit of the industry; the LSB said it plans to meet with the watchdog again sometimes this month, and added that it will not discourage the authority from launching a probe.

    Full content: Legal Futures

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