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Compliance is the steep cost of regulation. But is there a solution?

Copying the financial services market and forming networks could resolve smaller firms' and legal aid practices' woes, suggests Viv Williams

26 April 2016

The changing style of regulation being administered by the Solicitors Regulation Authority (SRA) could well be the catalyst for change for many firms operating in challenged
sectors, such as personal injury, conveyancing, probate,
and crime.

It was fascinating to hear from Karen Todner, head of crime, extradition, and regulatory at One Legal, who founded and acted as managing director of criminal defence law firm Kaim Todner for over 20 years. Todner found she could no longer run Kaim Todner on a hand-to-mouth basis, and that the cost implications of a controlled run-off were incredibly high and intractable. The firm was then acquired by One Legal last month, but still operates under
its original name.

At a recent conference, Todner explained that the investment in technology since the acquisition has revolutionised her practice, something she was unable to do on her own. This is just one observation that affects all criminal defence practices...

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