'Tesco Law' begins in England and Wales
The much anticipated reform to the Legal Services Act has come into force in England and Wales, under which banks and supermarkets are now able to sell consumer legal services.comments powered by Disqus
The changes are intended to encourage increased competition in the market and better value for consumers, as well as allowing law firms to use the investment to explore new markets. Critics warn, however, that a move away from the partnership model of firm governance will undermine the quality and independence of legal advice.
Justice Minister Jonathan Djanogly said it was a "landmark day" for the legal industry. "Our legal services are already rated among the best in the world, used by millions of people around the globe as well as in the UK, and these changes will set them up to move to new heights. They will enable firms to set up multi-disciplinary practices and provide opportunities for growth," he said.