Lawyers expect the opening up of the legal market to lead to more multi-disciplinary professional services companies, offering consultancy, business and legal advice, research has shown.
Law firms should be able to provide accountancy and other services without setting up separate businesses to help them compete with alternative business structures, the Solicitors Regulation Authority has proposed.
Chris Kenny, chief executive of the Legal Services Board, said he had written to “senior officials” at the Ministry of Justice objecting to plans that risk “undermining our independence from government”.
The Solicitors Regulation Authority is to end the monopoly currently enjoyed by the Law Society’s ‘Find a Solicitor’ website, by making the data behind it available to commercial comparison sites. It is also to set up own “online regulatory register” for the public.
Legal Futures Report
This first Legal Futures Special Report, in association with Thomson Reuters, examines the changing face of City law firms. It demonstrates how far City law firms have moved in a relatively short period of time, mainly (but not exclusively) in response to the recession and the demands of their clients.
Legal Futures Blog
Unlike the Edwin Starr’s 1970’s song ‘War, what is it good for? Absolutely nothing’, I hope you’ll agree that the same cannot be said for ATE insurance, which continues to provide valuable protection for customers and law firms, even post LASPO. The goal posts may have moved, but the need to ensure the client is aware of their risk exposure when bringing a claim for damages is still prevalent.