The Legal Services Act 2007

The Legal Services Act 2007 is a UK law that reformed the legal services market to increase competition and improve access to justice. It established a framework for regulating legal professionals and introduced alternative business structures, allowing non-lawyers to own and invest in law firms. This aims to provide consumers with more choices and potentially lower costs. The Act also created the Legal Services Board, which oversees legal regulators to ensure they protect the public and promote the interests of consumers in legal services.