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Legal Services Act 2007

Legal Risk LLP have advised a number of clients on issues arising from the dramatic changes which will be introduced by the Legal Services Act 2007, including the implementation of provisions permitting Legal Disciplinary Practices (LDPs), expected to come into force on 1 March 2009. Clients include multinational and regional law firms and in-house legal teams.

While the press has focused largely on the impact on the high street and Alternative Business Structures (ABSs), the regulatory impact will be felt by many other parts of the profession. The legislation impacts on every practice regulated by the Solicitors Regulation Authority. For example, it has particular consequences for international firms in terms of structure and admission to partnership of other professionals such as tax advisers and patent attorneys. For in-house practice there are opportunities to extend the services currently offered to the employer’s customers.