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APIL: government must step in over Clementi reforms

Sir David Clementi has delivered his final recommendations on the reform of the legal profession. T...

Sir David Clementi has delivered his final recommendations on the reform of the legal profession.

The report's key recommendations include the following: legal practices can be owned by non-lawyers, but the majority of managers must be lawyers; businesses entering the legal industry will be subject to fitness to own criteria: honesty, integrity and reputation, competence and capability and financial soundness; the industry will be regulated by a new Legal Services Board; and consumers will be

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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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