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A milestone for UK legal services

Thursday January 5th, 2012

UK consumers and businesses will find solicitor firms more competitive, more accessible and more efficient following new reforms to legal services.

The reforms to the legal sector are being accelerated by the addition of the Solicitors Regulation Authority to the licensing authorities for the new Alternative Business Structures (ABSs).

ABSs remove existing restrictions on legal firms, allowing them to offer more competitive services to customers by joining up with other businesses such as high street shops, banks and supermarkets to offer legal services alongside other products.

ABSs started operating in October for conveyancing lawyers, licensed by the Council for Licensed Conveyancers. The addition of the much-larger SRA means thousands more firms will be able to take advantage of the new systems.

To take advantage of the new systems, you can apply to the Solicitors Regulation Authority to be licensed to work as an ABS.

Justice Minister Jonathan Djanogly MP said: “The addition of the Solicitors Regulation Authority marks another major milestone for UK legal services and the future of Alternative Business Structures.

“Our UK legal services are unrivalled around the world and these changes will allow them to reach new heights, as solicitors’ firms develop new markets, join up with other businesses to offer different products and provide opportunities for growth.

“Customers will find legal services more accessible, providing a much more competitive and efficient service.”

 

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