The Solicitors Regulation Authority (SRA) has been approved as a licensing authority for Alternative Business Structures (ABSs) ahead of the implementation of this October's ‘Tesco law' reforms. The Legal Services Board (LSB) rubber-stamped the SRA application at a meeting this week (13 June), with non-lawyer ownership of law firms set to be permitted from this October.
June 16, 2011 at 10:23 AM
1 minute read
The original version of this story was published on Legalweek
The Solicitors Regulation Authority (SRA) has been approved as a licensing authority for Alternative Business Structures (ABSs) ahead of the implementation of this October’s ‘Tesco law’ reforms.
The Legal Services Board (LSB) rubber-stamped the SRA application at a meeting this week (13 June), with non-lawyer ownership of law firms set to be permitted from this October.
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