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FOR IMMEDIATE RELEASE
Wednesday, 21 July 2015

 

LSB Chief Executive to step down in February 2016

The Legal Services Board today confirmed that Richard Moriarty will step down from his role as Chief Executive in February 2016. Richard is returning to the UK’s Civil Aviation Authority as its Deputy Chief Executive and Group Director Consumers and Markets.

The LSB will advertise for a successor to Richard shortly with a view to making an appointment early in the autumn.

Until his departure, Richard will continue to lead the LSB and is fully committed to delivering its Strategy and Business Plan, whilst also making sure there is a smooth transition to his successor.

Richard Moriarty said:

"I am surprised and delighted to be offered this unique opportunity to return to aviation regulation next year at what will be a critical time for the industry. I will leave behind a strong and motivated LSB team which I have no doubt will go from strength to strength in its pursuit of change in the legal services market, so that it better reflects the interests of the public and consumers. Until then, it is very much business as usual at the LSB".

Chairman of the Legal Services Board, Sir Michael Pitt said:

"After making such a great start at the LSB, we will be sorry to see Richard leave us next year. He is a highly talented colleague and I wish him every success in his new role".

 

 

ENDS

For more information please contact the LSB’s Corporate Director. Julie Myers, on 020 7271 0059 (Julie.myers@legalservicesboard.org.uk).

 

Notes for editors:

  1. Richard Moriarty has been the LSB’s Chief Executive since 2 February 2015.

  2. Advertising for a successor is expected to start shortly and the process will be supported by an external recruitment agency.

  3. The Legal Services Act 2007 (the Act) created the LSB as a new regulator with responsibility for overseeing the regulation of legal services in England and Wales. The new regulatory regime became active on 1 January 2010.

  4. The LSB oversees nine approved regulators, which in turn regulate individual legal practitioners. The approved regulators, designated under Part 1 of Schedule 4 of the Act, are the Law Society, the Bar Council, the Master of the Faculties, the Chartered Institute of Legal Executives, the Council for Licensed Conveyancers, the Chartered Institute of Patent Attorneys, the Institute of Trade Mark Attorneys, the Association of Costs Lawyers and the Institute of Chartered Accountants in England and Wales.

    In addition, the Institute of Chartered Accountants of Scotland and the Association of Chartered Certified Accountants are listed as approved regulators in relation only to reserved probate activities.

  5. As at 1 April 2015, the legal profession comprised 142,109 solicitors, 326 alternative business structures, 15,237 barristers, 7,848 chartered legal executives and 5,678 other individuals operating in other areas of the legal profession such as conveyancing. The sector is valued at £25.49 billion per annum (total turnover in 2010.