A Guide to Surviving the Legal Services Act
4
THE CONTENT OF THIS AN SURVIV S GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LI ND IS NOT TO BE USED FOR FURTHER DISTRIBUTION. A GUIDE TO VING THE LEGAL SERVICES ACT 2007 IMITED
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The LSA paves the way for a major change in the legal sector. This change is driving innovation, placing a greater emphasis on existing assets and people and above all, presenting an unprecedented amount of opportunities. The opportunities will only be seen as such by those who are open to significant change.
Transcript of A Guide to Surviving the Legal Services Act
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
AND IS NOT TO BE USED FOR FURTHER DISTRIBUTION.
SURVIVING
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
AND IS NOT TO BE USED FOR FURTHER DISTRIBUTION.
A GUIDE TO
SURVIVING THE LEGAL SERVICES ACT 2007
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
AND IS NOT TO BE USED FOR FURTHER DISTRIBUTION.
Q: What does the Legal Services Act do?
The LSA does three main things:
1. It creates the Legal Services Board (LSB) which will supervise the
regulation of all legal services.
2. It creates the
independent ombudsm
legal services.
3. It enables the formation of new types of legal practice.
a. Firms can hav
lawyers.
b. Alternative business structures (ABS) will be allowed
allow external ownership of legal businesses
c. Multi-disciplinary practices that offer services other then legal
services.
Q: As an existing provider of legal services, what does this mean to me?
The LSA will revolutionise
more commercial pressure. Consolidation has already been see
practitioners are unable or unwilling to meet the demands that have been
brought to bear. We have seen and will continue to see:
• Firm-based regulation
bodies.
• Higher costs through indemnity insurance and transition to new
regimes.
• Higher levels of competition.
• Squeezed margins.
• The challenge of
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
AND IS NOT TO BE USED FOR FURTHER DISTRIBUTION.
What does the Legal Services Act do?
The LSA does three main things:
It creates the Legal Services Board (LSB) which will supervise the
regulation of all legal services.
Office for Legal Complaints (OLC) which is a new
independent ombudsman that will deal with consumer complaint about
It enables the formation of new types of legal practice. This means:
ms can have different types of lawyers and up to 25% non
.
Alternative business structures (ABS) will be allowed
allow external ownership of legal businesses i.e. Tesco Law.
disciplinary practices that offer services other then legal
services.
an existing provider of legal services, what does this mean to me?
revolutionise the legal profession within the UK and bring with it far
more commercial pressure. Consolidation has already been see
oners are unable or unwilling to meet the demands that have been
We have seen and will continue to see:
regulation is now in-force as firms are now self
Higher costs through indemnity insurance and transition to new
Higher levels of competition.
Squeezed margins.
The challenge of diversification.
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
It creates the Legal Services Board (LSB) which will supervise the
Office for Legal Complaints (OLC) which is a new
an that will deal with consumer complaint about
This means:
wyers and up to 25% non-
Alternative business structures (ABS) will be allowed which will
Tesco Law.
disciplinary practices that offer services other then legal
an existing provider of legal services, what does this mean to me?
fession within the UK and bring with it far
more commercial pressure. Consolidation has already been seen as
oners are unable or unwilling to meet the demands that have been
self-regulating
Higher costs through indemnity insurance and transition to new
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
AND IS NOT TO BE USED FOR FURTHER DISTRIBUTION.
Q: How do I survive the LSA?
Firstly, you need to Know Your Busines
you are right now in order to
you’re deploying the right
Secondly, you need to act; n
Survive and Thrive™.
The LSA paves the way for a major change in the legal sector. This change is
driving innovation, placing a greater emphasis on existing assets and people and
above all, presenting an unprecedented amount of opportunities. The
opportunities will only be seen as such by those who are open to significant
change.
It goes without saying that impr
reviews will need to take place in order to meet these challenges. As part of
this process, harnessing and developing talent,
opportunities, adding value for clients and adopting values as a busi
to be embedded at an early stage. Only those who embark on this course of
action will succeed in the long term
Q: Can anyone help?
You will be reassured to know that we can help
services provider to the legal services indu
unique combination of corporate know how, people development expertise and
a dynamic group of partner
to these challenging issues.
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
AND IS NOT TO BE USED FOR FURTHER DISTRIBUTION.
How do I survive the LSA?
now Your Business; it is essential that you can see where
you are right now in order to effectively plan for the future and know that
right strategy.
Secondly, you need to act; now! Doing nothing is not an option if you want to
paves the way for a major change in the legal sector. This change is
ovation, placing a greater emphasis on existing assets and people and
above all, presenting an unprecedented amount of opportunities. The
opportunities will only be seen as such by those who are open to significant
It goes without saying that improved budgeting, planning and stakeholder
reviews will need to take place in order to meet these challenges. As part of
this process, harnessing and developing talent, identifying
adding value for clients and adopting values as a busi
to be embedded at an early stage. Only those who embark on this course of
action will succeed in the long term and make the most of the opportunity.
to know that we can help. Vision Republic is a professional
services provider to the legal services industry. We have the knowledge
unique combination of corporate know how, people development expertise and
a dynamic group of partner-experts to create pro-active and positive sol
issues.
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
s; it is essential that you can see where
plan for the future and know that
ow! Doing nothing is not an option if you want to
paves the way for a major change in the legal sector. This change is
ovation, placing a greater emphasis on existing assets and people and
above all, presenting an unprecedented amount of opportunities. The
opportunities will only be seen as such by those who are open to significant
ng and stakeholder
reviews will need to take place in order to meet these challenges. As part of
identifying market
adding value for clients and adopting values as a business need
to be embedded at an early stage. Only those who embark on this course of
and make the most of the opportunity.
is a professional
have the knowledge and a
unique combination of corporate know how, people development expertise and
active and positive solutions
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
AND IS NOT TO BE USED FOR FURTHER DISTRIBUTION.
Q: What can Vision Republic do
In order to help the legal profession specifically, we
• Undertake essential due
can be assessed and understood.
• Assess the current value within your busines
assets, including th
and your wider organ
• Establish where these attributes converge to provide the most powerful
recipe for success
• Create a bespoke business and people development strategy in order to
establish market difference, build on existing areas of expertise and
establish you own
• Deliver powerful and pro
to find their unique strengths and passions and embody
values to increase client empathy, improve
skills and develop industry sp
and motivating factors
Through work we have undertaken with existing legal practices, we have a current
portfolio of programmes as well as the ability to design something which is exclusive to
you.
Q: How do I find out more?
Please contact either:
Janet Harrison (Head of Development)
(m) 07793 749362 (e) janet
Douglas Watt-Dugdale (Head of Corporate)
(m) 07904 865746 (e) [email protected]
Find out more about the business at:
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
AND IS NOT TO BE USED FOR FURTHER DISTRIBUTION.
What can Vision Republic do?
In order to help the legal profession specifically, we are able to:
Undertake essential due diligence so that the current status of your firm
can be assessed and understood.
Assess the current value within your business, through hard and soft
assets, including the talents which lie within your senior partner team
and your wider organisation.
stablish where these attributes converge to provide the most powerful
recipe for success.
Create a bespoke business and people development strategy in order to
establish market difference, build on existing areas of expertise and
establish you own unique set of values.
Deliver powerful and pro-active programmes to help client facing teams
ir unique strengths and passions and embody
values to increase client empathy, improve listening and networking
skills and develop industry specialisms more suited to their personalities
and motivating factors
Through work we have undertaken with existing legal practices, we have a current
portfolio of programmes as well as the ability to design something which is exclusive to
Q: How do I find out more?
Janet Harrison (Head of Development)
Dugdale (Head of Corporate)
Find out more about the business at: www.thevisionrepublic.co.uk
THE CONTENT OF THIS GUIDE HAS BEEN PRODUCED BY THE VISION REPUBLIC AGENCY LIMITED
current status of your firm
s, through hard and soft
within your senior partner team
stablish where these attributes converge to provide the most powerful
Create a bespoke business and people development strategy in order to
establish market difference, build on existing areas of expertise and
to help client facing teams
ir unique strengths and passions and embody corporate
listening and networking
ecialisms more suited to their personalities
Through work we have undertaken with existing legal practices, we have a current
portfolio of programmes as well as the ability to design something which is exclusive to
hevisionrepublic.co.uk
