The decision backs the society’s current stance against fee sharing partnerships between lawyers and accountants.
Following the research, the working party concluded that MDPs were not the most appropriate way for law firms to increase efficiency, share overheads and create economic savings.
It found that permitting MDPs could undermine ‘the principle of independence of legal advice and representation’ and that an MDP ‘poses a general risk to a client’s right of privilege’.
Earlier this month members of the American Bar Association voted against a relaxation of their rules on MDPs. This followed a vote by members of the English Law Society endorsing MDPs.
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