Volume litigation and law firm consolidators on LSB’s agenda

The Legal Services Board has launched a wide ranging consumer protection initiative targeting risks in volume litigation, portfolio funding, consolidator law firms, and unregulated legal services, and is considering stronger oversight mechanisms including potential FCA regulation of all litigation funding, co-regulation with the SRA, enhanced data gathering, and even revisions to the list of reserved legal activities amid growing concern over mass claims, law firm mergers, and emerging AI-driven services.

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