CMA outlines timing for legal services price transparency measures

Following a review of the legal services industry, the Competition and Markets Authority (CMA) has published a report outlining recommendations to improve the current regulatory structure. One key finding concerns disclosure of pricing information, which is currently published online by just 17% of firms. The CMA recommends that firms make more of an effort to increase pricing transparency. The CMA established a recommended timeline for implementing changes, calling for regulators to set up a joint programme board by 31 January 2017, receive regulator responses by 30 June, and begin making changes to increase transparency by 30 September.

CMA outlines timing for legal services price transparency measures legalbusiness.co.uk Mon, Dec 19, 2016