The Legal Services Regulatory Authority (LSRA) of Ireland is on the brink of introducing a new regulatory framework tailored for legal partnerships, marking a significant evolution in the structure for delivering legal services. This innovative framework is designed to support two types of partnerships: solicitor-barrister and barrister-only, with each configuration mandating the inclusion of at…
Legal Services Regulatory Authority of Ireland to introduce legal partnerships
The Legal Services Regulatory Authority (LSRA) of Ireland plans to introduce legal partnerships in the autumn of 2024, providing a new business structure that will allow barristers, or barristers and solicitors, to form partnerships. This initiative, enabled by the Legal Services Regulation Act 2015 and subsequent amendments, aims to modernise the delivery of legal services…
LSRA open consultation on legal partnerships draft resolution
The Legal Services Regulatory Authority (LSRA) has initiated a month-long consultation on the draft regulatory framework for new legal partnerships. This framework enables partnerships between solicitors and barristers, allowing them to offer legal services jointly, a development made possible by amendments to the Legal Services Regulation Act 2015 in July 2023. These partnerships may operate…