The Gazette reports some interesting research on the impact of the Legal Services Act 2007 on the way law firms are run. Since March, firms have been able to apply for a licence to adopt an Alternative Business Structure - a change known as “Tesco Law” for the way it allows law firms to access outside funding.

The research notes that, although firms see the opportunity to obtain such funding as a “compellign reason” to become an ABS, only seven firms have in fact done so to date, with the sole “big name” being Co-operative Legal Services. Perhaps this is due to worries over loss of control, which many respondents saw as the biggest barrier to conversion to an ABS structure.

So, is the law becoming more of a profession and less of a business? Your students may wish to consider the advantages and disadvantages for both law firms and the public of this change…

Join the tutor2u community

With a tutor2u account you can access extra features to support your teaching & learning.

Subscribe to the daily digest

Curate your own content

Track your training schedule

Manage your resource library

Receive job alerts

Join the community

Already joined? Sign in now ›

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u