The Law Society, representing solicitors in England and Wales, said that could be "catastrophic".
"I'm prepared to increase that threshold and enter into discussions with the Law Society, " he said.
This is picked up on by the Law Society in their response to the consultation.
MSPs then quizzed Lord Mackay of Clashfern and Adrian Ward of the Law Society of Scotland.
The inquiry will be chaired by Bill Knight, former chair of the Law Society's Company Law Committee.
Kamlesh Bahl was expected to become the first Asian and first woman president of the Law Society in July.
He did so without consulting the judges or the Law Society of Kenya.
Lucy Scott-Moncrieff, president of the Law Society, told the BBC his arrest and Monday's appeal are "two completely separate issues".
The Law Society said it had been inundated with calls from concerned buyers and their solicitors over the past fortnight.
It has persuaded the Law Society to approve tailor-made courses for the three big law firms that it serves exclusively.
For the Law Society of England and Wales, getting the Indians to free up their market is high on the wish-list.
Alan Hunter, Chief Executive of the Law Society, also welcomed the move.
The proposals have been met with widespread opposition from the Law Society, unions and local MSPs who say they will limit access to justice.
Before taking evidence from Ms Sturgeon, MSPs will quiz Alan McCreadie from Law Reform and Jim McLean from the Law Society of Scotland .
But she stepped down in November 2011 when it emerged that she did not have the requisite five years' experience in the Law Society.
Tory MP Peter Bottomley said the order should never have been granted and he intended to report Carter-Ruck to the Law Society for seeking one.
According to British law, she would have needed either five years with the Law Society or five years of experience as a qualified medical practitioner.
Both the Law Society and the Bar Council say the changes mean access to justice is no longer being adequately funded and vulnerable people will suffer.
Having long monopolised that role, the Law Society of Scotland has applied for registration and is working, very slowly, through the process with the Scottish government.
The President of the Edinburgh Bar Association, the organisation which represents defence lawyers, said the action had the full backing of the Law Society of Scotland.
Lorna Jack, chief executive of the Law Society of Scotland, says it's had around 40 expressions of interest from those who may register under the ABS law.
This provoked a rash of lawsuits from candidates who had been banned because they served on various state bodies, such as the Law Society or university boards.
Ms Bahl is the former chairman of the society's commerce and industry group and was chairman of the Equal Opportunities Commission before becoming a Law Society elected office-holder.
On Monday, the inquiry published evidence from organisations including the Home Office, the Association of Police Authorities, the Police Federation, the Law Society and the civil rights group, Liberty.
It had been previously been reported that this could cover organisations such as the Law Society and the Advertising Standards Authority and harbour authorities, as well as awarding institutions.
The Law Society's campaign ignores the fact that millions of people, many just above the poverty threshold of entitlement to legal aid, are currently excluded from civil justice altogether.
In March Christian Concern, a lobby group that opposes gay marriage, booked rooms for its conference at the Law Society, a statutory body that represents solicitors in England and Wales.
The Law Society of Scotland has also raised concerns the move could turn solicitors into "unpaid debt collectors", saying the Scottish Legal Aid Board was the "obvious body" for collecting money.
Janet Paraskeva, the Law Society's chief executive, welcomes the prospect of outside investment and even concedes that lawyers' precious professionalism does not mean they must pretend not to be running businesses.
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