The article comments that the legal services white paper should prompt chambers to develop into modern business. Some fascinating doors for barristers will be opened by the British Government's white paper on the future of legal services. To start modernizing, recruitment might be an appropriate place. Although many chambers are offering jobs for life, there are few chambers that devote significant time to the selection of pupils. Within chambers, efficient management would also be an area of improvement that might be highlighted by these new proposals.
In this article the author discusses the consultation paper "Alternative Business Structures: Approaches to Licensing" released by the Legal Services Board (LSB) in Great Britain. He notes that paper can let LSB and approved regulators on the modernisation of regulating unjustified practice constraints of lawyers. She cites that regulation barriers can be removed safely because the paper's framework ensures the interests of consumers.
The article offers news briefs related to the legal profession in Great Britain. Mrs Tulkinghorn introduces the Beauty Box, a sleek black crocodile finish expecially designed for lawyers in transporting their papers. Tulkinghorn is recommending the use of hanky firmly in covering the nose and mouth to avoid the dreadful swine flue plague. A recent report says that the legal profession is becoming the most elitist going in the country
The article focuses on the removal of the obstacles to firms floating upon the passage of the white paper proposals on law firm ownership in Great Britain. The sale of minority stocks to a venture capital firm might become an attractive proposal for companies in need of capital. Some of them have been converted to limited-liability partnership status.
Published
2006
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