What has happened to LDPs post 6 October 2011?
On 6 October 2011 Part 5 of the Legal Services Act 2007 came
into effect. Part 5 of the Legal Services Act 2007 allows the
introduction of Alternative Business Structures (ABS).
On 6 October 2011 both the CLC and the SRA implemented their ABS
framework and stopped accepting applications for new non-lawyer
manager LDPs (NLM LDPs). (Please note that the CLC was accepting
ABS applications from 6 October 2011 whereas the SRA started
accepting applications from 6 January 2012). All bodies that are
‘licensable’ under the Legal Services Act 2007 must now apply to a
Licensing Authority to become authorised as an ABS.
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