Looking outside the legal box to remain competitive is not a new concept for firms; the only surprise is that the SRA is propounding the move, says Ian Muirhead
The entry into historically reserved legal activities by new and innovative players such as chartered accountants has given the legal market much to be concerned about, and the risk adverse nature of legal practitioners does not put them in good stead to rise to the challenge, warns Ian Muirhead
Issues with dual regulation have discouraged the adoption of integrated business models and are pushing solicitors towards tie-ups with independent financial advisers, says Ian Muirhead
With greater flexibility in pensions, the removal of the 'death tax' and further tax breaks expected, regulation of legal service providers will become the key sticking point, says Ian Muirhead
The casual golf club acquaintance is still being entrusted with clients' financial well-being because the SRA has done nothing to police some of its Code of Conduct requirements, says Ian Muirhead