PracticeConsultingLaw Society speeds up move to MDPs

Law Society speeds up move to MDPs

The Law Society Council has voted to speed up moves to allow non-solicitors to become partners in solicitors' firms.

The move is the first step on the road to multi-disciplinary practices where lawyers and other professionals, such as accountants, can be partners in the same practice.

The Law Society proposal, called ‘legal practice plus’ would provide an interim solution for solicitors who want to provide a wider range of services to clients.

Non-solicitors would be able to become partners in a law firm, provided the majority of partners were solicitors.

Law Society president Michael Napier said: ‘Effective regulation must keep up with the realities of the market place and not hinder new forms of business.’He added: ‘The Society continues to work towards a regulatory model that would allow solicitors to engage in fully fledged multi-disciplinary partnerships but this will take time.’

Tony Williams, Andersen Legal’s managing partner said: ‘Solicitors recognise that they are in a competitive marketplace and want to have the freedom to provide a wide range of advice alongside other professionals for large and small clients alike.

‘The provision of multi-disciplinary services affects the High Street as well as the City markets and clients should have that choice.’

James Hodgson, partner at KLegal, KPMG’s associated law firm, said: ‘This is a step in the right direction. Combined with the OFT’s review of MDPs the current bar will go sooner rather than later.’

However, Hodgson added that the success of firms like KLegal was not dependent on the introduction on MDPs.

Peter Owen, executive director of the English Institute’s professional standards committee said: ‘Full liberalisation would be a good thing, with restrictions lifted completely.’

Andersens attacks Dutch law ban

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer