Legal Advice

Published 4 April 2012

A new ruling in the UK is set to shake-up one of the oldest professions and could resonate into other advisory sectors that have closer ties with financial advice businesses.

Similar to accounting firms aligning with advice businesses and mortgage brokers, now legal services could be added to the mix after some landmark changes this week.

Lawyers may have grown to become one of the most hated, albeit often necessary, professions in society, but new developments in Britain could make accessing legal services as readily available as a loaf of bread.

The so-called Tesco Law means companies are now able to operate Alternative Business Structures (ABSs), and this is enabling non-lawyers to invest in and own legal businesses for the first time.

This week three businesses were the first to grant licences to offer legal services.

One such first mover is the respected supermarket chain, the Co-operative, and potentially creates access for many people who otherwise find accessing legal services prohibitive.

The relatively simple act of creating a Will is a challenge for many due to a whole host of reasons – be it cost or perception of dealing with verbally complex lawyers.

Individuals buying a property may now deal with the same business for services currently provided separately by estate agents and solicitors, and others could seek out supermarkets for legal advice.

The UK is a world leader in legal services but the changes afoot will mean it isn’t just Russian oligarchs who have ready access to legal services in the UK. займ на карту онлайн займ гк рфкредит плюс займ личныйпервый займ под 0 процентов

Inigo Rudio