I have sketched out some of the new types of business that are now being promoted under the Alternative Business Structure regime which came into force in January 2012. There have been over 130 licence applications to the SRA. And don't forget the first ABS was approved by the Licensed Conveyancers last October.
What the legal services landscape will look like say five or ten years from now is anybody's guess. It's wide open.
Say goodbye to the legal profession and welcome the legal services providers......