Background The idea of the LSC programme was conceived on the back of an envelope in early 2016 in reaction to a problem faced by a single client. It was expanded upon in an email to the client in April 2016, and we began to develop the model in consultation with several other law firm [...]
The Legal Services Continuum (LSC) programme has helped owners of reputable legal practices to close practice and merge to work together as virtually one ahead of retirement plans. This has left an enviable aggregated client list, creating demand for skilled and experienced solicitors to take over client files and to meet the needs of an [...]
The Problem When a solicitors practice ceases to trade, it is required to acquire ‘Run-off’ insurance cover. This is a regulatory requirement imposed by the Solicitors Regulatory Authority (SRA) that ensures consumers are compensated for claims that arise after a firm has closed. Unless there is a successor practice in place, solicitors who cease practice [...]
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