The era of professional silos is over, writes Ian Muirhead. Here he outlines why the time is right for advisers and solicitors to work together
Back in 2013 the Solicitors Regulation Authority (SRA) outlined its hopes for "a market no longer defined by professional titles and one in which the artificial barriers created by those titles are breaking down rapidly". In fact, it said just that in its submission to the Ministry of Justice on the future of legal regulation. The catalyst for this change was, of course, the Legal Services Act of 2007, which ended solicitors' monopoly of the retail legal market and has enabled a wide range of non-solicitors, including legal executives, licensed conveyancers and accountants, to enter t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
