
Non-lawyers will be allowed to own law firms from October 6, 2011, the Legal Services Board announced today. The super-regulator announced that so-called alternative business structures will be able to apply for licences in the summer of next year, allowing corporations to provide legal services to the public from the first week of October.
David Edmonds, chairman of the Legal Services Board, said:
It also marks the end of law as a self-regulating profession.Today's announcement is a significant milestone. It gives certainty to the approved regulators [such as the Law Society and the Bar Council], the firms they regulate and to potential new entrants alike. Moreover, it paves the way for real benefits to be delivered to consumers on the fastest possible timetable.
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Joshua Rozenberg was the BBC's legal correspondent for 15 years. He moved to The Daily Telegraph in 2000, editing the paper's legal coverage for eight years. Now a freelance writer, commentator and broadcaster on legal affairs, he blogs exclusively for Standpoint.
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