On 15 December, 2004, Sir David Clementi issued his highly anticipated review of the regulatory framework governing the legal profession. This far-reaching report concludes that the restrictive nature of current business structures can no longer be justified as being in the public interest.
Most significantly for the Bar, Clementi makes two ‘facilitative’ proposals for the establishment of alternative business structures that, if implemented, would remove the restrictions that form the cornerstones of legal practice as we know it.
