Advisers are being urged to make the most of upheaval within the legal industry over the next year to forge links with solicitors.
With the Legal Services Act (LSA) set to come into effect in October, solicitors are facing competition from established businesses such as Tesco and the Co-op entering the market and offering low-cost services. Under the new system, non-lawyer organisations will be able to set up Alternative Business Structures to provide legal services and this has prompted solicitors to reach out to IFAs to provide more options to clients. David Seager, development director at SIFA, says: "It's not easy for solicitors to build client relationships but that hasn't been an issue in the past. "Now ...
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