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New dynamics: How changes to in-house legal practice will affect law firms

Tracey Calvert considers the changing dynamics of in-house legal practice and how corporate counsel and law firms will work together in future

25 November 2015

The UK's Legal Services Act 2007 has had a dramatic effect on private practice and on the relationship between private practitioners and the Solicitors Regulation Authority (SRA). The law firms in which we now practice are very different entities to the businesses of a generation ago. We now operate in an environment in which regulatory compliance is the backbone of business and compliance officers and recordkeeping is a fact of legal life. We also now work in a more competitive marketplace with
new alternative business structures operating alongside more traditional law firms and a growing band of NewLaw firms on the scene.

Another strand of this revolution in the provision of legal services is the focus on in-house practice. Suddenly, in-house practitioners are coming in from the cold and the traditionally remote and long-distance relationship between this form of practice and the SRA is no longer sustain...

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