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Business activities to be liberalised for law firms


By Mary Heaney

08 June 2015 at 09:00 BST


Law firms in England and Wales will be able to diversify their activities, the Solicitors Regulation Authority has recommended.

Law firms will be able to own different businesses in England and Wales under new proposals jijomathaidesigners

Law firms in England and Wales will be able to own separate businesses, set up 'one-stop shops' for professional services as well as compete with alternative business structures - following proposed changes to the rules regulating solicitors.  The Solicitors Regulation Authority (SRA) has recommended removing restrictions forbidding law firms having links with outside businesses in a move to open up the  legal marketplace following a consultation earlier this year. The reforms will allow a greater range of activities to be undertaken by law firms and, if approved by the Legal Services Board, will be published in the SRA Handbook in November.

 
   
 
 
 

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