Does non-lawyer ownership end damaging short-termism within law firms and improve both the economics and culture of legal practice, or does it risk standards and offer little in the way of increasing access to legal services?
The Law Society has told the Legal Ombudsman that solicitors’ practising certificate fees should not be used for ‘thought leadership’ exercises that extend beyond legal services.
Over 5,600 law firms have signed up to Lender Exchange, a website which stores information on conveyancing panel firms for mortgage lenders.
London-based Mishcon de Reya, a rural firm in the Lake District, and a firm that currently carries out no reserved legal work at all are among the latest businesses to obtain alternative business structure licences.
Legal Futures Report
This Legal Futures Special Report, published in association with Thomson Reuters, looks at how SME law firms are driving change in the delivery of legal services. The report also highlights the central role technology is having, with firms using it either to improve what is already in place today or to enable the delivery of services in new ways.
Legal Futures Blog
The process of digitisation continues to expand, and as a consequence the link between physical geographic location and the ability to adequately set rules that apply to individuals and property is being eradicated.