13:28 PM, 30th January 2015, About 6 years ago
In most countries there are only lawyers, the phenomenon of Solicitors and Barristers is relatively unique to the UK.
From my personal perspective, solicitors are a bit like GP’s, i.e. they offer initial consultations and refer to specialists.
However, with the deregulation of many aspects of law, solicitors now have to compete. A good example is that many IFA’s now give advice on Wills and Estate Planning. We have also seen a rise in the number of licenced conveyancers in recent decades.
In 2004 Barristers were allowed to act directly for clients without the involvement of a solicitor. Last year they were allowed to go on record at the Courts for matters of litigation too, i.e. divorce, contract disputes etc.
I keep harping back to the medical profession because my experiences in other Countries have been a real eye opener. When I was in Russia for Christmas my wife had a problem with her back. She skipped the GP route and made an appointment the same day with a specialist. It cost her £10 and it was a Sunday by the way!
Can the same be achieved in the UK legal market?
Well actually, it already has and I suspect it will really take off over the coming decades.
Two of the Joint Venture businesses which the owners of Property118 are involved in operate in this market.
Just as a taster:
Did you know that if a judge considers a private criminal prosecution to be fairly brought, that Counsels fees and investigation costs (i.e. the barristers fees and disbursements) are paid for by the state, regardless of whether the accused is found to be innocent or guilty at a trial by Jury?
Most people in business will require ongoing legal advice or just a sounding board for a variety of legal matters which can crop up at any time. Just suppose you could speak directly to a qualified specialist barrister whenever you have a legal issue for just £300 a year. In a nutshell, that’s Litigation Warranty.
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