Although regulators have gamely attempted to implement rules requiring more website-based front-end transparency, they may well have produced a levelling up of prices.
The CMA's upcoming review of the legal services market is billed as a check on the progress of regulators in promoting price transparency after the watchdog’s 2016 study. But it will potentially cover much wider issues of how lawyers’ services are priced and communicated and how non-lawyer competitors should be regulated.
John Gould comments in The Times on the review and explains that consumers can be trusted to make their own choices between old and new providers as long as the overall scheme of regulation can let the market do its work.
Price transparency won't help regulate firms is available to read on The Times website. John's comments on the review were also published in The Law Society Gazette at the end of September.
John is Senior Partner of Russell-Cooke.
John's area of particular expertise is regulation and public law. He specialises in the analysis and solution of complex regulatory problems, advising regulators, government departments, law enforcement agencies, charities and statutory and professional bodies.