Legal Services Board

And to explain more, we have two senior people from the UK's leading oversight regulators.

Monisha Shah is the chair of the Legal Services Board, the oversight regulator for the legal profession, regulating regulators like the Bar Standards Board and the Solicitors Regulation Authority and six other regulatory bodies.

Monisha was previously a member of the Committee on Standards in Public Life and had non-executive roles at the Office of Students and the Communications Regulator, Ofcom.

She's also the co-chair of the Copyright Licensing Agency, in addition to many other roles.

Okay, so that's a lot of organisations you oversee, and you mentioned 2 million registrants of those regulators in turn.

Monisha, turning to you, I've described the LSB as the oversight regulator of the legal profession, but I think more correctly, you regulate legal services in England and Wales, and you work within a complicated regulatory framework.

So can you briefly tell us how legal services regulation is structured and who the Legal Services Board oversees?

Well, the Legal Services Act established the framework for legal services regulation in 2007.