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Holistic legal services

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

30 October 2014

It is only three short years since the SRA notified law firms with in-house financial advisers that it was minded to discontinue their status as Authorised Professional Firms, on account of its apprehension about the consequences of dual SRA/ FSA regulation. Now, under new management, it is extolling the virtues of multi-disciplinary practices with the zeal of a new convert. SRA executive director Crispin Passmore, who was previously with the Legal Services Board (LSB), described MDP ABSs as "exactly the type of business that the act was expected t...

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