Abstract The regulatory framework relating to the legal professions in Québec reached a turning point in the 2000s, following the adoption of the Règlement sur l’exercice de la profession d’avocat en société et en multidisciplinarité. More than a decade later, this article examines the negotiation surrounding the drafting of the Règlement, and the various arguments…
Lawyer regulation reforms in the US
We recently reported on the work of the California State Bar and their proposals for regulatory reform put forward by the Task Force on Access Through Innovation of Legal Services as well as the work being done by the National Conference of Bar Examiners (NCBE) Testing Task Force. In her article, ‘Re-regulating Lawyers for the 21st…
LSB report: ABS have had a positive impact on legal services market
The Legal Services Board’s (LSB) annual report asserts that alternative business structures (ABS) continue to have a “direct and positive impact” on the legal market. They have provided an effective structure for firms who wish to take a different approach to meeting legal need. There are now more than 1000 ABS in England and Wales. …
California prepares to lead US profession into non-lawyer ownership
Regulators are poised to consider radical rule changes that could decisively open the way to allowing non-lawyers into the legal profession of the US’s most populous state. The State Bar of California voted earlier this month to accept a report from legal academic Professor William D. Henderson calling for structural reforms to the way the…
Platform Economy in Legal Profession: An Empirical Study on Online Legal Service Providers in China
Platform economy breaks into the legal profession by pooling lawyers with different specializations into a simple user-friendly platform, consolidating the lower-tier supply side of the legal market and generating economy of scale. This paper is the very first empirical piece looking into China’s online legal service portals. It is found that, the intermediary functions of…
Regulating Law Firms from the Inside: The Role of Compliance Officers for Legal Practice in England and Wales
Following the Legal Services Act 2007, which permitted the delivery of legal services through Alternative Business Structures (ABS), the Solicitors Regulation Authority required all regulated legal service firms to appoint Compliance Officers for Legal Practice (COLPs). COLPs are charged with taking reasonable steps to ensure that firms comply with their obligations, which entails interpreting what…
Initial Report to the Minister of Justice and Equality on MultiDisciplinary Practices
This report, produced by Hook Tangaza, was commissioned through McDowell Purcell Solicitors by the Legal Services Regulatory Authority (“the Authority”) in Ireland. It is intended to assist the Authority in fulfilling its obligations under section 119 of the Legal Services Regulation Act 2015 (“the Act”). Section 119 requires the Authority to make an initial report…
Alternative Business Structures for Lawyers and Law Firms: A View from the Global Legal Services Market
From a global perspective, the composition of legal practice components is undergoing tumultuous change. The concept of multidisciplinary practice has been embraced in many countries, where lawyers partner with non-lawyers and offer both legal and non-legal services. Less well received are alternative business structures, where lawyers and non-lawyers are permitted to be partners, and outsiders…
The Integration of Law into Global Business Solutions
Using a unique data set comprised of original research of both the corporate websites of the Big Four — PwC, Deloitte, KPMG, and EY — and their affiliated law firms, as well as archival material from the legal and accountancy press, this article documents the rise and transformation of the Big Four legal service lines…
Focus on… ABS investment activity
A major aim of the introduction of alternative business structures (ABS) in England and Wales was to allow new forms of capital into regulated law firms to improve market efficiency. Enabling external investment in law firms was designed to allow less reliance on short term sources of financing such as personal debt and overdrafts. The…