I have also heard mention of multi-disciplinary practices and Alternative Business Structures. What are they and will legal executives be able to work in them?
Multi-disciplinary practices (MDPs) are partnerships involving lawyers and other professionals such as accountants or architects. These will involve the provision of legal and other services. Alternative Business Structures (ABSs) will allow lawyers to form multi-disciplinary practices with non-lawyers, permitting them to offer legal as well as non-legal services. Under the full ABS regime non-lawyers, including commercial organisations, will be allowed to own firms that provide legal services. It is anticipated that these will be the last of the new business structures to be implemented, around 2011 or 2012. The opportunity exists for these new business structures to be regulated by the approved regulators, which could enable IPSto regulate MDPs and ABSs. Again the ILEXwill need to decide whether or not to seek the powers which IPS would need to regulate such entities.
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