Date December 2010
Publication Solicitors Journal
While my reaction to the Legal Services Act wasn't as extreme as jumping around the office and firing my stapler into the air, I couldn't hide my excitement when it was first announced. Three years later, and I'm delighted to be the third non-solicitor to be promoted to the partnership of our firm.
The introduction of the alternative business structure (ABSs) was designed to increase competition, flexibility and choice within the legal sector. the seemingly client-focussed nature of the decision has ofcourse had its proponents and opponents, with the economic downturn exacerbating that debate greatly.