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Every Little Helps: “Tesco Law” approved in Scotland

by WardBlawg on October 7, 2010

Every Little Helps? Tesco Law

Every Little Helps? Tesco Law

“Tesco Law” now approved in Scotland, as the Scotsman reports here.

Lawyers can now partner with non-lawyers e.g. large corporations provided the non-lawyers/businesses don’t own more than 49% of the organisation. In terms of company law, even 25% can give you some useful rights in terms of shaping the direction of your business.

What impact, then, will this have for law firms and lawyers in Scotland?

Will we see more traineeships being opened up? Or less? Will equity partners earn even more than their hundreds of thousands or millions of pounds each year? Or will equity partners be more likely to sell their stake and escape the practice of law? What effect for management decisions? Will we see greater outsourcing? Will cloud computing be more fully embraced? Will Lawsoft’s stranglehold on legal software be broken up? Will Scots law merge into English law, or will it flourish more by itself?

What do you think?

WardBlawg

WardBlawg

Legal Blogger at WardBlawg
+Gavin Ward is the founder of WardBlawg, Director of YouBlawg Limited and Operations Director at Moore Legal Technology Limited, specialising in helping law firms, lawyers and businesses grow their businesses online and aiming to help get great legal content published and shared across the web. Gavin created this law blog or ‘blawg’ to aim to contribute useful updates, thoughts and advice to help law firms, businesses and the legal profession in the UK and across the world succeed both online and offline.
WardBlawg
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