The long wait for the onset of Alternative Business Structures is almost over. Just 12 months remain until the third and final stage of the Legal Services Act comes into force, permitting U.K. law firms to accept outside equity investment for the first time. Firms are already preparing themselves for a change that many experts believe will fundamentally reshape the profession.
“The legal market faces an interesting future,” said Matthew Hudson, who formerly led the London offices of both O’Melveny & Myers and Proskauer Rose.
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