LLPs - Law Society backs reform
The Law Society has given its first public support to reforming the rules governing multi-disciplinary partnerships.
The body launched a survey last year to gauge practitioner support for MDPs. Speaking after last week’s American Bar Association decision to back MDPs in the US, Law Society head of professional ethics Alison Crawley said: ‘The response and the general feeling is that something has got to shift but the method may be slightly different in the US to what we come up with over here.’
Crawley said the society, which is still to name the publication date of its crucial vote result, would be watching closely to see whether the 50 States would support the move.
The ABA does not have the regulatory power of the Law Society, but remains highly influential. The Big Five and their associated law firms are hoping rules will change to allow them to meet growing client demand for MDPs.
See analysis, US Bar Association endorses MDPs