Organisation Description Year
University of Bristiol - Professor Paul A Grout

The Clementi Report: Potential Risks of External Ownership and Regulatory Responses – A Report to the Department of Constitutional Affairs

Expectation of how MDPs might come into being:
Consider a group of lawyers who wish to create a large company by taking over other firms. This approach may be particularly relevant in the creation of an MDP. Venture capitalists may be keen to invest but there may be uncertainty as to the true future prospects of the company. Setting a price for an equity injection in this context may be difficult and also dilutes the incentives for owners. Adopting a hybrid with a high rate of return allows the venture capitalists to bear significant risk but does so in a manner that is less sensitive to the uncertain potential of the company. The bulk of this risk remains with the owners and so the owners obtain risk capital without diluted incentives. Page 25

Example: companies at present can sell legal insurance and then buy legal services to meet the obligation when a customer

2005
Bar Standards Board

Survey on Bar Standards Board Regulation of New Business Structures July 2010

Importance placed upon factors which might be relevant to barristers in deciding what sort of business structure is most suitable for them – Page 17

Barristers interest in joining new structures -
Interest in each structure ranges from 17 per cent to 23 per cent of barristers (defined as those very or fairly likely to join one of the newly proposed structures within the next five years). Page 19

Interest varies within groups of barrister. Non-white barristers are significantly more likely (45 per cent) to join one of these structures in the next five years than their white counterparts (35 per cent). In addition to this, almost two fifths of men (39 per cent) are very or fairly likely to join the new structures compared with just over a quarter of women (28 per cent). – Page 20 See also Table 1

23 per cent of barristers are either likely or very likely to join a BOE in the next five years if it was available. – Page 22
Table 2 : Likelihood to join a BOE by depth of understanding of new business structures made possible by the Act
Figure 5 : Percentage likely or very likely to join a BOE by barrister type
Figure 6 : Additional percentage of barristers likely to join BOE if litigation is included

Likelihood of joining an SRA or CLC regulated LDP – Page 27
Likelihood of joining an LDP regulated by the SRA, CLC or the BSB – Page 28
Figure 9: Percentage likely or very likely to join an LDP by barrister type – Page 32
Figure 10 : Additional percentage of barristers likely to join BSB regulated LDP if litigation is
included – Page 33

2010
Fordham Law Review

Multidisciplinary practice redux: globalization, core values, and reviving the MDP debate in America

International paper, discussing trends in MDP liberalisation in various common law countries. No real data on actual usage of MDPs, more how various bars came to their regulatory positions on how they should be governed. Summary of how England & Wales LSA came about (page 2232 onwards).

2010
Law Centres Federation

Fundamental Legal Aid Review

Law Centres are already classed as LDP (page 15).

2004
Advice Services Alliance

Regulating alternative business structures

Most NfP advice centres are already MDPs (page 2). They want an undue regulatory burden separating both regulated and unregulated activities (page 4).

2009
Bar Council

The Future of the Bar by Nicholas Green QC, June 2010

Prediction that in 5-10 years time form the core of the Bar there will emerge a significant grouping of LDPs. These will have started life as solicitors

2010
Legal Services Policy Institute

The Legal Services Act 2007: Implications for the Bar ‘s Sources of Work – Professor Stephen Mayson

All forms of LDPs hold some potential for a reduction in the number of self employed Bar. To the extent that clients and referred follow barristers to their new LDP home. There will also then be a reduction in the referrals available to the self employed Bar. – Page 3

2008
Solicitors Regulation Authority

SRA Summary of Performance Measures and Statistics – March 2011

As at the 30 June 2010, 254 firms had taken the opportunity to become LDPs. The vast majority of firms currently have only one non-solicitor manager, although 17 firms have both non-lawyer managers and lawyer managers – Page 23

2011
Solicitors Regulation Authority

SRA Summary of Performance Measures and Statistics

As of December 2009, there were 140 LDPS under the SRA’s regulatory control (page 24)

2009
Byfield Consultancy

Big Bang Report: Opportunities and threats in the new legal services marketJon Robbins

As of November 2009, there were 109 LDPs which included 52 other lawyers (legal executives, licensed conveyances, patent attorneys) and 75 non lawyers – page 7
First City Firm to appoint legal exec partners – page 7

2010
University of Westminster

Capital Markets: Those who can and Cannot Do the Purest Global Law Markets

Discussion on accountancy use of MDPs

2001
Penn State University

European Commission Project Regarding Competition in Professional Services

This report covers MDP liberalisation in other countries (page 64) and EU bodies view on the subject (page 71).

2009
Legal Services Research Centre

Recession, life problems and self-reported stress

Report flags up the idea of integrated legal and mental health advice providers (page 12 – 13).

2009
Legal Services Research Centre

Recession, life problems and self-reported stress

Report flags up the idea of integrated legal and mental health advice providers (page 12 – 13).

2010
Northwestern Journal of International Law and Business

The legal world is flat: globalization and its effect on lawyers practicing in non-global law firms

Report suggests that some law firms (in the US) now offer ancillary services (page 6 – 7).

2008
Legal Services Research Centre

The depressing facts about recession and its aftermath – Pascoe Pleasance and Nigel Balmer

Suggests integrated legal and health services have become more common in recent years (page 3).

2010
Ministry of Justice

The market for “BTE” legal expenses insurance

Summarises some early movers into ABSs – including AXA (page 10) and the AA.

2007