Is the ban on law firms hiving off unreserved legal work through associated entities the regulatory breach in the profession’s defences that will enable those new entrants to storm a newly liberalised legal services market?
Part 3: Jon Robins confronts an uncomfortable reality for lawyers
Is the profession’s failure to address the separate business rule “the equivalent of the Maginot line”, ponders Neil Kinsella, the senior executive of one of the largest claimant firms Russell Jones & Walker. Or, to put it another way, is the ban on law firms hiving off unreserved legal work through associated entities the regulatory breach in the profession’s defences that will enable those new entrants to storm a newly liberalised legal services market?
Radical change
This is the third and final article in a series exploring the consequences for a profession going through rapid and radical change where some 80% of its work falls outside the protection of “reserved” legal work (see 160 NLJ 7444, p 1662 & NLJ, 7 January 2011, p 7). Most practitioners accept that figure, arrived at by the legal academic Professor
