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Advantages And Disadvantages Of The British Legal System

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The British legal system is one of the most established and well known in the world, going back for even centuries. With the arrival of the Legal Services Act in 2007, the market for legal services in England and Wales was liberated from the traditional structure of law firms. It helped stimulate more competition and supply a new route for consumer complaints. Before it came into force, law firms were only able to consist of solicitors, barristers, or employees providing legal services to their employer. Furthermore, the Act created the system known as Alternative Business Structures (ABS), which allows lawyers and non-lawyers to form businesses together, and it gives law firms the ability to merge with other businesses including banks, accounting firms and consumer finance companies. The Act created a new structure that allowed certified regulators to authorise licensed bodies to offer reserved legal services.

Section 1 of the Legal Services Act 2007 states that there are …show more content…
The competition created by the new model sets goals for both the traditional law firms and the Alternative Business Structures to deliver “cost-effective, better managed, better marketed legal services.” Alternative Business Structures give more opportunities to both the companies and consumers. Both lawyers and non-lawyers benefit from this as they are permitted to form businesses together and share management or partnership. It has permitted firms to be able to offer a larger range of services for its clients. Consumers also gain a cheaper, quicker and easier way of accessing legal services, therefore, the rise of the new system is inevitable for the technology driven society we will in

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