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When I took over as editor at Solicitors Journal in March 2006 there were 104,543 practising solicitors. Eight years on, that number has increased by 23 per cent to 128,778, says Jean-Yves Gilg

1 April 2014

But as I sign off my last issue, the adverse economic environment and unprecedented regulatory changes have dampened that growth.

The future of today’s trainees is likely to be very different from that of their forebears. The cost of education has risen dramatically and the 10 per cent drop in the number of training contracts last year is a sign that a career as a solicitor is no longer a given for the thousands of law students going through university.

In splitting up the Law Society, the Legal Services Act has forced solicitors to take a much harder look at what being a solicitor stands for and what solicitors offer that other legal services providers don’t.

The new regulator, the Solicitors Regulation Authority, is taking a more hands-off and even less predictable approach to its role with the deployment of outcomes-focused regulation. Soon there may not even be a requirement to undertake minimum Want to read on?

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