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Changes in the legal framework and the need for effective organization development
It has been a long time since the passing of the Legal Services Act in 2007 but the consequences of the Alternative Business Structure (ABS) provisions are at last starting to take effect.
ABS underpins the UK government's desire to reduce the cost of legal services and open up the market to more competition for the overall benefit of the consumer. Subject to passing stringent fitness tests carried out by an approved regulator in order to be granted a licence, it means among other things that non-legal entities such as insurance companies, accounting practices and retailers are entitled to own and operate businesses offering legal services, either by recruiting their own staff or through acquisition, partnership or some other relationship with an existing law firm.
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