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Does anybody truly believe that the public will welcome unregulated legal service providers in the long term? Granted I have only been "in the game" for just under 6 years but I have yet in that time to meet a Client who said to me "I don't want a qualified fee earner, give me someone unregulated and out of their depth".

Granted I speak mostly from CFA experience but even still, what experience I do have of private paying work suggests that people will pay a reasonable price for what they deem to be a good service.

Whilst people might initially welcome rock bottom prices, I suspect those of us in the professional negligence field would have a field day in the longer term...