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Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
The Legal Services Act 2007 (‘the Act’) marked a profound upheaval of the regulation of the legal services market that, for centuries, had existed practically in stasis. While the provision of legal services had traditionally been the preserve of practitioners operating within conventional partnerships or barristers’ chambers, the Act enabled other types of organisation to offer a competitive alternative.
One of the most radical of changes to the legal market as a result of the Legal Services Act 2007 (LSA) was the introduction of Alternative Business Structures (ABSs) which are law firms owned partly or wholly by those outside the legal profession Whilst some considered that this would reshape the legal profession in England and Wales it is worth reflecting as to whether this is indeed the case 10 years on.
As we mark the 10th anniversary of the Legal Services Act, those of us who have been knocking around the international legal services scene since the mid-2000s can be forgiven a wry smile.
Many years ago, I remember a partner telling me that his daughter wasn’t allowed, because of the firm’s partnership agreement, to work at his firm but that she would, of course, go to one of the other magic circle firms. This idea, that lawyer dynasties would spread their bloodlines throughout various elite firms, has stayed with me ever since.
Sharon Burkill
Natalie Cohen
Caroline Sheldon
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