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18 June 2009 / Simon Young
Issue: 7374 / Categories: Features , Legal services , Profession
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A hard Act to follow

Part two: Simon Young reports on the pick & mix approach of the Legal Services Act 2009

The first article in this short series looked at the various institutions created by the Legal Services Act 2007 (LSA 2007) (see NLJ, 17 April 2009, p 554).This second offering deals with the first practical opportunity for changing businesses under LSA 2007, namely legal disciplinary practices (LDPs); the third will look at the ultimate in opening up of the legal services market, alternative business structures (ABSs).

The concept of LDPs was one first raised by Sir David Clementi, in his seminal report: Review of the Regulatory Framework for Legal Services in England and Wales. The final nature of them, however, went through substantial change in the last few days of political horse trading before the Legal Services Bill was passed into law late in 2007. The concept is simple, but its working out in practice is not.

Services on offer

At base, the idea is that businesses providing legal services need not only

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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