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New legislation offers specialist law firm business opportunity

Insurance litigation specialist Vizards Wyeth is to establish its own insurance brokerage, in an att...

Insurance litigation specialist Vizards Wyeth is to establish its own insurance brokerage, in an attempt to mitigate the impact of the Legal Services Act (LSA).

The Act, which received royal ascent this year, was designed to allow greater consumer choice and flexibility in legal services by removing disproportionate restrictions on business structures.

This move has allowed lawyers and non-lawyers to set up business together for the first time.

The as yet unnamed brokerage will initially be set up

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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