The co-founder of Britain’s only trade union-owned alternative business structure (ABS) has warned high street lawyers that there is nothing to stop it competing with them. He also expressed concern that the profession was becoming obsessed with profit at the expense of the client.
MTA Solicitors, the alternative business structure behind the consumer-facing high street LawStore brand, this week opened its third store and plans to open a fourth by the end of the year. MTA has begun to sign up panels of local law firms to deal with instructions it cannot handle.
The Ministry of Justice is considering transferring the regulation of claims management companies to the Financial Conduct Authority, it has emerged. The aim is to bring in a “much more rigorous regulatory regime for CMCs”.
Legal Futures Blog
Who would have thought that something as inoffensive as ADR could cause such a rumpus? But the impact on the profession of the EU Directive on Consumer ADR has done just that. It means that, from today, every lawyer is obliged to point clients in the direction of an ADR provider should both of them wish to resolve a complaint that way, although the client still has the option of referring their complaint to the Legal Ombudsman