31 January 2010Print This Page

Current consultations

Name: The Levy: funding legal services oversight regulation
Who: Legal Services Board
Closing date: 29 September
In brief: Recommends that the LSB’s costs should be apportioned among regulators according to the number of authorised persons they regulate, and the Office for Legal Complaints’ costs be apportioned according to the number of complaints each group of authorised persons generate. See story here.
More detail:Click here for the full paper.

What: Legal Practice Course: policy on accreditation of prior learning
Who: Solicitors Regulation Authority
Closing date: 21 October
In brief: Proposals to allow exemptions from the legal practice course in specific circumstances.
More detail: SRA website here.

Legal Futures Blog

Joint (ad)ventures in the legal sector

Nigel Wallis lo res

We all know that nothing in life is certain. As the actor, director and philosopher Clint Eastwood once said: “If you want a guarantee, buy a toaster.” He also said he’d tried being reasonable and didn’t like it. They should teach this kind of philosophy in law school. One thing in life is reasonably certain though. If you’re a law firm worth your salt, at some point you will be approached by another entity (most probably a work introducer) with a whizzy idea to ‘partner’ with you to ‘help you accelerate your growth’. In commercial speak this means, ‘we’d like to keep feeding you work but we’d also like to share in your profits’. The arrangement may be pitched to you as a joint venture – a win-win no less.

March 27th, 2017