The aim of this paper is to analyze a model for chemotaxis based on a local sensing mechanism instead of the gradient sensing mechanism used in the celebrated minimal Keller-Segel model. The model we study has the same entropy as the minimal Keller-Segel model, but a different dynamics to minimize this entropy. Consequently, the conditions on the mass for the existence of stationary solutions or blow-up are the same, however we make the interesting observation that with the local sensing mechanism the blow-up in the case of supercritical mass is delayed to infinite time. Our observation is made rigorous from a mathematical point via a proof of global existence of weak solutions for arbitrary large masses and space dimension. The key difference of our model to the minimal Keller-Segel model is that the structure of the equation allows for a duality estimate that implies a bound on the $(H^1)$-norm of the solutions, which can only grow with a square-root law in time. This additional $(H^1)$-bound implies a lower bound on the entropy, which contrasts markedly with the minimal Keller-Segel model for which it is unbounded from below in the supercritical case. Besides, regularity and uniqueness of solutions are also studied.