ABSs won’t launch in October as parliament not ready

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  • Perhaps they've realised that this is a nightmare in the making and the whole idea will get shelved? Let's hope so for the sake of the profession. I say "profession" but if ABS's come in there wont be any legal profession left. Discuss.

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  • With a bit of luck the long grass beckons for this rotten idea.
    "...if ABS's come in there wont be any legal profession left." - True. Only large business clients will pay for a solicitor.
    ABSs will usher in awful service behind glossy brands, just like retail banking.

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  • No, they have not realised that this is a nightmare. The SRA has quite reasonably asked for permission to be able to see the spent convictions of ABS owners and legislation is in train for that.
    However, the SRA was also not happy about the fact that they were going to have to take ABSs to the First Tier Tribunal rather that the SDT. The reason for this was that the SRA is determined to hang onto its privileged position whereby, regardless of the outcome, it is normally excused the costs of the SDT. This is a scandalous position in the 21st century and is unlikley to survive the first brush with a politically influential ABS. It is this legislation that is delaying the start of ABSs

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  • Over 300 of the first ABSs will be law firms that are LDPs, are you suggesting that these will not remain part of the 'profession' after October?
    ABS won't be without its problems but to think it will just go away is folly!
    By the way, I am not part of a QS firm or the SRA; I just don't want to stick with square wheels when I might be able to have round ones!

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  • How can Government press for regulation of Will writers on the one hand and deregulation of legal services on the other?
    The tide is turning against deregulation.
    Poor regulation of the Banks/Press/PI industry etc etc has led to enormous problems.
    This is another piece of New Labour nonsense which needs to be kicked into touch to protect consumers.

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