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With the Clementi Report now published, it is possible to envisage the impact this will have on the legal profession in the medium term. The changes will not be immediate. A White Paper needs to be published by the Government and it will require a major commitment for this to occur before the next General Election. At best, primary legislation will be passed in 2006, with the detailed implementing regulations coming into effect in 2007. Accordingly, the profession has ample time to adapt to the new environment.

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