What accountants need to know about providing legal services

In the aftermath of the implementation of the Legal Services Act (the Act), accountancy firms of all sizes are considering the creation of alternative business structures, particularly in areas of business advice traditionally provided by law firms.

by | 11 Apr, 2017

In January 2016, the ICAEW issued guidance to all members regarding the legal services they can provide in the context of the two categories under the Act: “reserved legal activities”, which may only be provided by a specific group of authorised individuals, and “legal activities”, which can be undertaken by non-lawyers. A year on from that guidance, it is apparent that accountants are reaping the benefits of the legislative changes, but care needs to be taken.

Read more at Accountancy Age.

Share This