The Law Society has backed the Solicitors Regulation Authority's (SRA) application to become an Alternative Business Structure (ABS) licensing authority. The Law Society Council has voted in favour today (23 March) of approving the SRA's application to the Legal Services Board (LSB) to regulate the new business entities which will be brought in as part of the legal services reform when the Legal Services Act 2007 comes into effect 6 October this year.
March 23, 2011 at 12:52 PM
1 minute read
The original version of this story was published on Legalweek
The Law Society has backed the Solicitors Regulation Authority’s (SRA) application to become an Alternative Business Structure (ABS) licensing authority.
The Law Society Council has voted in favour today (23 March) of approving the SRA’s application to the Legal Services Board (LSB) to regulate the new business entities which will be brought in as part of the legal services reform when the Legal Services Act 2007 comes into effect 6 October this year.
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