- Thursday, 19 May 2016
Regulation of lawyers across the developed world is under pressure from technological and other disruptions, and national competition authorities should seize the opportunity to guarantee market access for new entrants, the OECD has advised.
Posted in Latest news, Technology
- Monday, 17 November 2014
The Competition and Markets Authority is considering whether to launch a review of the legal services market, it has emerged. It was a report in 2001 by its predecessor, the Office of Fair Trading, which began the process that led to the Legal Services Act 2007.
Tags: competition, Competition and Markets Authority, Legal Services Act, Legal Services Board, Office of Fair Trading
Posted in Latest news, Legal Services Board
- Thursday, 26 April 2012
Law firms and third-party funders will not be allowed to initiate group actions for breach of competition law – and such cases will be exempt from the move towards allowing solicitors to work on a contingency fee basis, under proposals published this week by the government.
Tags: competition, contingency fees, Litigation Funding, Office of Fair Trading
Posted in Latest news
- Sunday, 20 February 2011
Lord Falconer, who as Lord Chancellor steered the Legal Services Act through Parliament, last week warned about the challenges alternative business structures provide for “the preservation of legal ethics”.
Tags: ABS, Alternative business structures, competition, ethics, external investment, legal education
Posted in Alternative business structures, Barristers, News
- Tuesday, 16 February 2010
The experience of north-west law firm Farleys shows how an online service delivery capability can help law firms meet the challenges presented by the Legal Services Act, explains Epoq, a Legal Futures Associate.
Tags: competition, Legal Services Act, Online Legal Services
Posted in Practice points, Technology
Legal education and training is not fit for today, let alone the future, and the approach of the main professional bodies to the need for greater accessibility and flexibility could not have been more different.
Since abolition of the common renewal date, practices have been free to choose when to renew their professional indemnity insurance. We estimate that around 30-40% now renew between March and April.