Boost for small firms from merging with lawyers
Institute expert claims Legal Services Act will provide a boon for High Street firms
SMALL independent accountancy firms could be boosted by the introduction of the Legal Services Act, which will allow them to merge with law firms, according to a senior officer at the ICAEW.
Felicity Banks, head of business law at the institute, said that it would enable them to provide a more varied set of services to clients.
In a letter to today’s Financial Times, she said the Act would “enable small legal and accountancy practices to merge, thus retaining a high-street presence for both while providing a wider range of services to clients on a more efficient and economic basis.”
Banks said that changes in the act might also help insurance brokers and independent financial advisors.