News

Liberalisation of Legal Markets Scotland

Philip Molden Jun 13 2011

Agreement to proceed with Alternative Business Structures (ABS's) came when the legal Services (Scotland) Act 2010 became law in November 2010. Slightly watered down version of ABSs as 51% ownership share still has to be in hands of solicitors or "members of other regulated professions, e.g. accountancy". When ABS's arrive will depend on the priorities of new Scottish government elected in May 2011…watch this space